Today I paid off the first of my two federal loans! This, my
readers, is what I would like to call unbuttoning and unzipping my tight
business slacks. This loan was the one that was sold to the Department of Education when my
other one stayed under the same Sallie Mae name. Although it was under another
name, I believe Sallie Mae still had some sort of ownership over it because I
was still paying on it through their website. I chose this one as my second
loan to pay off because it was the lowest of the 2 federals; both started out
at $4,500, but where the other one had a 0.5% higher interest rate, its total
balance was higher. I will tackle that higher one sitting at a little over $4K
next.
If you had told me 2 years ago that I put down almost $17K
towards my student loans between March of 2013 and May of 2014, I would have a).
told you to walk away, you've got the wrong person or b). figured I hit it big
while gambling during the Vegas bachelorette party I knew I was about to
attend. I would not have thought it was from budget discipline based around some
financial dude’s theory.
It has not been the easiest, especially during changing seasons
when I would rather give my hard earned cash to Macy’s over ole’ hag Sallie.
However, I know that in the end I will be glad I chose the road to financial
sweatpants.
2 down, 4 to go.
