All higher knowledge in her presence falls/Degraded.
Friday, April 25, 2014
Best news I've had all week
Today I got an email from Sallie Mae telling me that one of my student loan payments has been reduced by $3.61 a month--bringing my monthly total to just $453.13!
But the really good news is that I've only got twelve years of repayment left.
The really horrifying part is that I don't actually have a crazy-high debt load, relative to what many students have these days: I graduated with somewhere between $60-65K, and on a 20-year repayment plan am now down to $38K. I have no idea how massive the monthly payments must be for people with two or three times my student loan debt.
When my creditors are screaming for their dough I'll be proud to tell them all where they can all go They won't have to scream and holler They'll be paid to the last dollar Where the endless streams of money seem to flow I'll be glad to tell them what they can do It's a matter of a simple form or two It's not just renumeration it's a liberal education Ain't you kind of glad that I'm in debt to you
That's a lot of monthly payment though, even though it wasn't a huge debt initially. Like you, I dread to think how much someone with 100K in debt pays each month. It's daunting!
My interest rate is low, and fixed: 3.88% for the life of the loan on about 2/3 of my debt, and 4.25% on the rest (that portion was a private loan, so it wasn't eligible for the lowest consolidation rate).
5 comments:
That's horrifying.
Servetus:
The really horrifying part is that I don't actually have a crazy-high debt load, relative to what many students have these days: I graduated with somewhere between $60-65K, and on a 20-year repayment plan am now down to $38K. I have no idea how massive the monthly payments must be for people with two or three times my student loan debt.
When my creditors are screaming for their dough
I'll be proud to tell them all where they can all go
They won't have to scream and holler
They'll be paid to the last dollar
Where the endless streams of money seem to flow
I'll be glad to tell them what they can do
It's a matter of a simple form or two
It's not just renumeration it's a liberal education
Ain't you kind of glad that I'm in debt to you
That's a lot of monthly payment though, even though it wasn't a huge debt initially. Like you, I dread to think how much someone with 100K in debt pays each month. It's daunting!
Does your interest rate adjust in some way?
Withy:
Heh.
Bardiac:
My interest rate is low, and fixed: 3.88% for the life of the loan on about 2/3 of my debt, and 4.25% on the rest (that portion was a private loan, so it wasn't eligible for the lowest consolidation rate).
Post a Comment