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student loan PAID off

July 30th, 2009 at 07:54 am

My final payment hit today. My $40,000 in student loan debt is officially PAID IN FULL. I am now transferring my monthly payment to my savings account instead.

I graduated in 2001, and have been whittling away at that loan ever since.

When I got my first office job out of college, I vowed to keep freelancing and use all of my freelance money to pay down the loan. Some months, I was sending $1000 extra. When times were slim, I sent $50 extra. But as long as I had work, I always sent a little extra with the payment.

If I hadn't done that, I'd still be paying down that stupid debt 10 years from now.

My advice to those of you with loans-- always send a little bit more than you have to, even if it's $5. It does shave time off the loan.

13 Responses to “student loan PAID off”

  1. creditcardfree Says:

    Congrats! And good advice about paying extra.

  2. Broken Arrow Says:

    Congratulations! Woohoo!

  3. Aleta Says:

    Congratulations! That was awesome news!

  4. Amanda Rush Says:

    It is truly a great feeling of satisfaction tohave paid some loans and debts. Congratulations.

  5. shiela Says:

    Good for you.

  6. NJDebbie Says:

    I'm proud of your efforts!!!!

  7. BuckhornGal Says:

    Way to go - I'm doing a happy dance for you :-) Congratulations.

  8. miclason Says:

    Woo-hooo!!!!

    ::PAID IN FULL::

    woo-hoo!!!!

  9. my english castle Says:

    Great job! And you said you'd lost focus!

  10. No Pain | No Gain Says:

    Congrats!!!

  11. Ima saver Says:

    Wonderful!

  12. katwoman Says:

    Congrats!!!! That's a terrific accomplishment.

  13. Purple Flower's Says:

    Congrats! I'm happy for you Smile

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