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Last student loan payment

July 28th, 2009 at 10:49 am

Thanks for sharing all of your thoughts on my student loan. The money from savings hit my checking account today, so I scheduled my LAST payment. It should take another day or two to process on the lender's end.

When it does, I will cancel my monthly payment debit, and then have the $300 I would have sent for the loan transferred to savings once a month.

I think it will be a great weight off of me. Many times I've thought of taking enrichment classes at community college but have talked myself out of it because I still had my loan payment. Maybe now I will be more free.

9 Responses to “Last student loan payment”

  1. creditcardfree Says:

    Congrats!!

  2. Ima saver Says:

    Good for you!

  3. monkeymama Says:

    Congrats!

    I didn't get a chance to chime in before, but I definitely agree this was a GOOD thing!

  4. ceejay74 Says:

    Oh my gosh, congratulations! This is it except mortgage for you guys, isn't it? That will feel amazing when the payment processes and it's all official.

  5. baselle Says:

    Congratulations! And if the student loan company mails you a letter acknowledging you're paid up, frame it! Smile

  6. thriftorama Says:

    We don't have a mortgage. The nightmre of Hurricane Katrina had a silver lining: selling our old house at a profit and moving somewhere much cheaper meant we could actually buy a house without a mortgage.

  7. ceejay74 Says:

    WOW! Even better. Smile

  8. whitestripe Says:

    congratulations!

  9. Travis Says:

    How long did it take your lender to process your last payment? I sent in mine and they are taking forever to cash the check online. It's been about two weeks which is highly unusual. They usually cash on the same day.

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