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Posts tagged with: Student Loans

You Told Me So

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When we were going through the process of getting a mortgage, we shopped around with a lot of different lenders and ended up with a company that we were…luke-warm about after it was all said and done.

The experience, itself, wasn’t exactly pleasurable. I know it’s stressful anytime you buy a house, etc. etc., but there were some things I didn’t share that were really frustrating. But the one GREAT thing this lender had that no one else could compete with was a stellar interest rate. We got our loan at a 2.75% APR!!!

At that time, a handful (maybe 2 or 3?) of commenters mentioned the option of perhaps rolling some of our student loan debt into the house. Our loan was for well below the appraisal price of the home, so this could have been an option (note: not for all the student loans, but a portion of it).

Hubs and I talked about it and decided against it. Ultimately, we both just felt a little “yucky” at the thought of rolling student loan debt into the house. It just didn’t sit right with us and we took that as a sign that we should probably do something different. The plan was always to look into student loan consolidation companies after the mortgage went through.

When the mortgage was finally funded in early November, I started shopping around just a couple weeks later.

First I was denied by a place. (update: the “negative mark” was, indeed, my delinquent account I’d mentioned in this post. It’s old enough that it should be off my report – and it has, indeed, fallen off of 2 of the 3 credit agencies, but it’s still sitting on the third. I’ve completed a formal dispute so hopefully this will be rectified soon).

And then I discovered that other places really couldn’t offer better rates at all! Here’s a sampling of rates that I was offered:

6.99%

6.49%

5.37%

My current student loan interest rates range from 5.8 – 6.5, so there’s not even really much of a savings compared to what I currently pay.

And now I just kind of feel foolish. I feel like I should have listened to YOU and put some of that student loan debt in with the house debt. Ugh! I guess hindsight is 20/20, right?

This has stalled plans a bit in regard to the student loan consolidation. I’m just not crazy about a 5.37% APR. Yes, it’s lower than my current interest rate. But is it low enough to go through all the paperwork hassles and the fact that I’d now have one GIANT loan instead of multiple, smaller loans to tackle?

I don’t know.

And, that must be balanced against the fact that I truly despise our current lender, Navient.

Again, I just don’t know.

I’ve been doing these balance transfers on a credit card I don’t use. It has a limit of $7,500 and allows me to do balance transfers at a 0% APR for 12 months at a 3% initiation fee (note: this is the current “deal” as of today. In the past, I’ve been able to score as low as a 2% initiation fee, but for a shorter amount of time – I believe 6 months; That “deal” isn’t showing up anymore so it may have been discontinued).

Anyway – that’s the best rate I can get. But that’s only $7,500 at a time and I still have a MOUNTAIN of debt to contend with (most recent debt update here).

So I’m kind of at a loss. Here’s what I’m thinking in terms of a plan moving forward (though I’d love to hear your thoughts, too, so please chime in!):

  • I’ll keep all the subsidized loans with Navient (I’m receiving forgiveness on unpaid interest through August). I’ll pay minimums on those to reap the interest-forgiveness benefits.
  • I’ll continue doing these balance transfers to reap the benefits of the lower interest (with the note that I’m always EXTRA CAREFUL to ensure they are fully paid off by the deadline so I don’t get hit with penalties and sky-high interest). As each balance transfer is paid in full, I plan to continue to initiate new transfers up to the $7,500 limit as allowed.
  • Finally, I’ll continue paying aggressively toward the remaining (unsubsidized) loans.

This seems like the best course of action for now. Unless someone can offer me a better interest rate on a consolidation, that is.

Thoughts?

 


Increasing Minimum Payments

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My student loans are on income-based repayment (just entering my 3rd year; the final year where my subsidized loans are still eligible for interest forgiveness).

One of the stipulations of IBR is that I have to re-apply every year. The re-application deadline for me falls in August. Its probably not surprising that, due to my increased income, my minimum payments are going up.

At first when I saw the email which notified me of the increasing minimum payments, I was bummed. “Dang it, that sucks” I thought.

But then it hit me – I’m paying like 10x the minimum payments right now (this is definitely hyperbole, but I still pay WAY over my minimums). So the tiny increase in minimum payments (I think it increased about $40/month) does not even come close to affecting me. After the realization, I laughed a little to myself.

Obviously no one likes when minimum payments increase. Thats what sucks so bad about adjustable rate mortgages! But at this stage in our debt payoff game, we’re focusing on the student loan payments. If we were still paying minimums on them in order to put more money toward a different loan, then this change might affect us. But given the massive sized student loan payments that we make, it literally doesn’t make an iota of difference to me if the payments increased $5 or $50. Who cares?! I pay way over the minimum anyway. I’m ready for them to be GONE!!!

Also, as just a random tidbit, when we first met with our mortgage broker with all our documents, he made a comment along the lines of “wow, I’ve never seen anyone with this much student loan debt!” I kind of chuckled (ummm…have you never done a mortgage for a doctor before??).  But not just because I was genuinely surprised by his inexperience with large student loan debts….I also chuckled because had I visited him 2 years ago, we would have been carting around an additional $50,000+ of miscellaneous debts, too! We’re in much better shape now than we were then! But, yes. I have a disgusting amount of student loan debt. Can’t wait to kick it all to the curb!!!

Just for fun – what are your minimum payments on your student loan debt? My Navient loan minimum payments are about $600/month. A ton of money, for sure. But when I’m paying thousands per month on the loans, a $40 increase doesn’t make a big difference.

 


Everyday I’m Hustlin’

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Logged into my email today to see this little guy smiling back at me:

Screen Shot 2016-08-26 at 10.32.08 AM

Sure doesn’t get old to see these “loan payoff” emails! I’m now officially down to 7 Navient loans (out of what 12). To be fair, I’d paid off this loan prior to last month’s debt update, but it took until the next billing cycle (now) for them to acknowledge that the loan was, indeed, paid in full.

Anywho…..pretty exciting stuff! Still lots of big loans ahead, but it’s a nice little pat on the back, indeed!

Lots (and lots!) going on in life right now! We’ve been house-hunting twice (no offers yet). We have lots of work/social functions (Last weekend was an “early faculty” happy hour. Tonight is a departmental social function). Next week we’re going back to Texas as a family. Originally hubs was going to go on his own (to spread his grandfather’s ashes with his mom), but it’s Labor Day and the kids have 2 days off of school anyway so we decided to just all go back together. I’m going to be doing various dad-related duties while in town, including:  1. going to social security office with him so I can get official permission to talk to them since they don’t recognize power of attorney, 2. meeting with a financial advisor to better invest my dad’s money, 3. meeting with a realtor to sell the Texas house.

I’m a teeny bit bitter that a chunk of my trip is going to be monopolized with dad-related stuff when I have two siblings who live in the same city that are perfectly capable of doing the things I’ll be doing. But such is life. There are ebbs and flows. Sometimes my sister picks up more of the “dad slack” and sometimes it falls on me. It’s already a huge relief for his Utah property to be sold and, although we’d originally talked about renting the Texas house, no one has stepped up to take control and my #1 stipulation is that I don’t want to deal with it. Since the duties have fallen to me anyway, I’m going to handle it how I want….which is to get rid of the property so I don’t have to deal with it. We have other (more personal) reasons why we want to get rid of the property instead of renting it, too. Mainly that, due to my dad’s disease, he has a tendency to f*ck stuff up and I just have a gut feeling that if we were to try to keep and rent the property, he’d find a way to mess it up. Might just show up at the front door (illegally) and demand something of the tenants. Or might cause an altercation with the property management company. Who knows? To limit liabilities (and make my life easier), the place just has to go.

So that’s what I’ll be doing the Friday before Labor Day (the only business day that I’ll be in town). Hoping I can get that drama out of the way and enjoy the rest of the long weekend doing low-key and cheap or free activities with the family.

Do you usually travel for Labor Day? We typically don’t, but it’s just worked out that way this time. 

What’s the last debt you paid off in full? Every new Navient loan that I pay off feels like a major triumph. Sooooo over that company! I swear! Once our house situation is squared away I plan to refinance my student loans through another company so I can get a reduced interest rate (and just not have to deal with Navient anymore).


Ashley’s June 2016 Debt Update

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I’m really excited about this month’s debt update! I’d originally hoped to put a solid $4,000 toward debt this month and, although we didn’t quite hit that number, we did put a full $3,500 toward debt!

I know I’ve said this before, but moment of silence for that huge, astronomical number!

((((((silence))))))

Thank you! I just like to acknowledge that $3,500 is a ton of money!

If the average American household income is $55,000 (source), then this represents roughly a full month worth of net income for the typical U.S. family. Craziness!

See for yourself…

PlaceCurrent BalanceAPRLast Payment MadeLast Payment Date Original debt, March 2014
Navient$698266.55%$2955June$74218
ACS Student Loans$85966.55%$20June$8215
Balance Transfer Student Loan #2$68500% (through April 2017)$500June$7650
Medical Bills$57860%$25June$9000
Balance Transfer student loan #1$00% -Paid off in March 2016$5937
PenFed Car Loan$02.49%-Paid off in January 2016$24040
License Fees$02.5%-Paid off in April 2015$5808
BoA CC$07.24%-Paid off in June 2014$2220
Mattress Firm$00%-Paid off in May 2014$1381
Wells Fargo CC$013.65%-Paid off in May 2014$7697
Capital One CC$017.9%-Paid off in March 2014$413
Totals$91058 (May balance = 94,292)$3500Starting Debt = $145,472

Two things excite me about our debt update this month:

  1. We’ve dipped into the $60,000s for my Navient student loans! I know we still owe a ton, but it’s SO exciting to finally hit a new first digit! The entire time I’ve been blogging Navient has been up in the 70,000s range, so this is a huge deal to me! To be fair, it’s only within the current calendar year that I really started tackling the student loan debt-mountain! (note – I was paying toward student loans all along, but not at a very aggressive rate, as I had prioritized other debts first). I can’t wait to continue seeing this number drop!
  2. We’re super close to hitting a new first-digit of our overall debt! At $91,000 currently owed, we should definitely but down into the $80,000s range by next month! EEEK!!! Again (I must emphasize this for newer readers), I know this is still a disgusting amount of debt. But when I started blogging I had nearly $150,000 of total debt, and it feels like just yesterday when we broke the $100,000 barrier, so the last $10,000 has gone in basically the blink of an eye (ahem – it’s actually taken 5 months, but whose counting?)

I’m really feeling the momentum now and it seems like the debt is just melting away! We still have a LONG way to go, but I’m feeling refreshed and rejuvenated! We’ve had great pay in June (budget update coming soon!) and expect to have great pay in July as well. That really helps as we’re working on pounding out a lot of these student loans.

Also, I’ve grouped all my Navient loans together just for ease, but I’m actually paying them one-at-a-time (first I targeted the highest interest loans, and now that all the remaining loans have the same rate I’m targeting them by smallest first – the snowball method). I’ve actually paid a couple in full lately and it feels SO SO good every time I log into Navient and see another loan with zeros all the way across for amount owed and upcoming payments. These are just the kind of emotional “wins” I need to really feel like we’re on the right track. And it feels GREAT!!!

Next steps – build EF and buy a freaking house!!!

 


Hope – Debt Update – April, 2016

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Yikes!  Ya’ll are right, I have not done a debt update in quite a while.  So I’ll make this short and sweet. The last update I found when I looked was this one from  August, 2015 Debt Update which was a couple of months before my whole world/plan blew up with the loss of my largest on-going client.

Here are my new debt numbers:

Debt NameCurrent BalanceInterest RateMin. Mo. PymtOriginal BalanceStatus
TOTALS$????$433?$97,934
Student Loan$33,3452.875%$99$31,687IBRP effective Aug, 2015
Yukon$9820% (6 months)$104$3568Ex pays $246 mo. towards this debt
Orthodontist$????0%$230?$10,800Working on plan April, 2016
Begins Sept, 2015
Checking Account$00%--$741Paid Off - Jan 2015!
CC Intro Rate - Retail #2$03.99%--$3500Paid Off - May, 2015
Personal Loan - Car$012%--$5000Paid Off - July, 2015
Credit Card - Consumer$013.90%--$4,974Paid Off - June, 2015
Credit Card - Retail$025.99%--$2,265Refinanced - Dec, 2015
Car Loan - Accord$00%--$1,900Paid Off - Dec, 2015
Car Loan - NV$06.79%--$31,138Sold - Dec, 2015
Line of Credit$015.95%--$1,248Paid Off
Credit Card - Retail #1$00%--$413Paid Off
Property Tax$00%--$700Paid Off

Just a couple of notes:

Student Loans – Needless to say, the income based repayment plan, while I am SO grateful for it, does not even cover the interest, thus the increase balance since last fall.  So this definitely needs to be on my radar as I get back on my feet.

Ex Husband’s Car Loan – You can see from the balance that both of us have been making payments on this one.  He is super motivated to get it paid off so he can get the title and do whatever.  I am super motivated to get it off my shoulders.  Hoping this one will be gone in the next month or so.  It’s still my number one goal.

Orthodontics – I have just finished negotiating with them after months of trying.  And we have reached an agreement.   So I will update the total now owed with the next update since I’m still waiting on the documentation, etc.

If you have been following the last couple of weeks, you will remember my choice to delay paying my last month’s rent in my apartment to cover the needed expenses for the month we moved.  I have not included that rent payment in my debt because it will be paid in full within the week.

So that is where I stand right now…


Ashley’s March 2016 Budget Update

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Hey guys! Only a week behind with March’s budget update. Trust me, one week behind isn’t too bad for me right now. heh. Work is a bit in overdrive, but I love it. I’m gearing up, getting ready to be out of town for a solid 8 day cruise and working like a crazy person to try to get everything set just right to run on auto-pilot (fingers crossed) while I’m gone.

Here’s how the month of March went for me:

 

Place Amount Spent
Rent 1200
Down Payment Savings 2000
Electricity 176
Water 61
Natural gas 105
Cell Phones (2 lines) 89
Cable/Internet 97
Trash 35
Preschool 1085
Gift-Giving 189
Restaurants 157
Entertainment 102
Kids Activities 142
Groceries 573
Gasoline 108
Household Goods 144
Clothing 157
Rainy Day Savings 1580 (minus deductions, see below)
Savings Goals 800 (minus deductions, see below)
Debt Payments 2134
Total Budgeted $10,934

 

Comments:

Down Payment Savings ($2000): This is right on track.” The goal is to get to $10,000 by summer time. I’ve had a couple questions about the house-hunting journey. We have NOT started “hunting” yet (though we’ve been doing searches on Zillow just-for-fun and grabbing flyers from homes that are for sale just for comparison). With everything going on, we decided to wait until after the cruise to start hiring people (e.g., realtor, mortgage lender). Our goal is to move late summer or possibly early fall. Our current lease is up at the end of August but our landlord will let us go month-to-month at our current rate (no increase) if we haven’t closed yet by that time. The ideal situation would be to close in late August so there’s just a little overlap of about a week or so. But I know these things can be so unpredictable and we’re lucky to have flexibility with our current landlord. We do NOT, however, want to move much earlier than August (since we’d then be paying double rent/mortgage). So we are not actively on the house-hunt yet. 

Electricity ($176): Remember our outrageous electric bill from February? Fortunately, we only got caught by surprise that one month. Since then, the A/C and heater have both been turned OFF. There have been some hot days (and some cold nights), but it’s been within a range that we as a family could deal with (nothing too extreme). It’s been in the mid-90*s a couple times this week already, so we’ll see how long we can go without any A/C. I already got the bill for April and it’s UNDER $100!!! I’m loving the lower electric bills right now but, like I said…we’ll see how long this lasts (Tucson’s summers are brutal!) The A/C will have to go on at some point.

Gift-Giving ($189): Similar to last month, almost all of this was a charitable donation I made so we could max out Arizona’s tax credit. $25 was for a wedding gift, which was the only non-donation portion of the gift-giving.

Entertainment ($102): A few bucks of this was for music on itunes. The rest was from a date night. As promised, hubs and I are planning to do about one date per month this year (in the past 2 years we rarely ever had date nights). So expect this category to be a bit higher this year in compared to previous years.

Kids’ Activities ($142): This was a high-spending month for kids’ activities. The bulk of this was from our weekly swim lessons (April is the last month for our lessons; we may re-start once it’s summer time, but the initial point of the swim was to get the kids comfortable around water before our cruise. They’ve been making great strides with safety and although they aren’t fully able to swim, of course, they have learned all kinds of life-saving measures if they were to fall in. Safety was my main concern). $40 of this was from horseback riding lessons and farm time that we did while the girls were on Spring Break. The person who does it is a friend-of-a-friend. She is the Benson Butterfield Rodeo Queen. She lives on a nearby farm and lets kids come out and experience “farm time” (basically feeding and petting/playing with all the animals) for $15/hour and horseback riding lessons for $20/hour. I split the lesson so each child had 30 minutes of instruction and tipped an extra $5 just because she was extremely accommodating. Still kind of spendy for us, but it was a ton of fun and was a great way to spend a couple hours during Spring Break week.

Groceries ($573):  After months and months of struggling to keep this number below $600, we finally pulled it off this month. I think it helped that I had increased flexibility over Spring Break (so I was at the house, able to do more food prep, etc.). I’ve also been making a really conscious effort to prep foods on Sunday for the week to come. I’ve gone so far as to portion out daily portions of fruits and snacks; I’ve pre-cooked chicken breasts for lunches; I’ve pre-washed, peeled and chopped up carrots into sticks for snacks; I’ve pre-made breakfasts (e.g., like making a big batch of pancakes that can be refrigerated/frozen and re-heated in a toaster), etc. etc. etc.  It’s tedious and time consuming and not always the way I want to spend my Sunday afternoons (I typically do everything while the girls nap), but it’s made my life MUCH easier during the week when I do my prep versus when I don’t.

Household Goods ($144): This category is pretty high this month because I spent $100 on stuff for my office. I bought a 5 x 7 rug, a big wall clock, and a painting (all from Big Lots).  I started this job last July, but it just now looks like I’ve actually moved into my office space. It’s really nice, especially since I spend a lot of time there.

Clothing ($157): This is a bit higher than normal for us. A good chunk of it was new shoes for the girls. Kids feet just grow so fast, I tell ya! But we’ve gone the cheap shoe route and they tend to fall apart, so we opt for slightly nicer tennis shoes. This also includes a couple of new work shirts from me from Wish (see my review here) and new summer PJs for the girls since they’ve gotten hot and sweaty a couple of times at night in their long-sleeved jammies (still using no A/C, remember?) ; )

Rainy Day Savings ($1580): I deposited $1580 into my various rainy day funds (though some money was also withdrawn from these accounts.) See below:

  • 3-6 Month EF: $1,000 (goal is to get to $5,000).
  • Birthdays: $200. The girls’ birthday is on the horizon in June. To date, we’ve never had an actual birthday party for them, but we want to this year for the first time. It will still be simple (at our house, not another venue), but we’re going to start throwing a couple hundred a month toward this savings category so we don’t get caught by surprise in June.
  • Travel/Christmas $50. We like to save at least $50/month in this category, as finances allow (sometimes we skip it if needed).
  • Annual Fees: $280 deposited (though I withdrew $484 for a vehicle emissions inspection and registration for 2 years. That leaves us with $150 still in the account currently)
  • Girls’ College Savings: $50. This is a standard auto-payment that we do every month. $25/month per child isn’t a lot, but it’s better than nothing and that’s what we’re comfortable doing right now while we’re still financially focused on getting out of debt (and buying a house!!!)

Savings Goals ($800): $800 was deposited but there were also withdrawals. See below:

  • Savings for 2015 Roth IRA: $300 deposited. Another note about this is listed below.
  • Cruise 2016: $500. I also withdrew $35 from my cruise fund to buy some new clothes for the trip.

Debt:  I gave a full debt update here.

Final Thoughts:

We ended up putting more toward debt this month than we’d originally thought we would because the balance transfer really needed to be paid off before April (and we did manage to make that happen). It all worked out, though, because we still hit our goal of $2,000 toward the house down payment fund, and we still started hitting several of our other savings goals. We’ll continue to beef up our emergency fund, specifically, in addition to our other “rainy day savings” funds in the months to come.

Related to savings, I didn’t report the “withdrawal” above because it technically occurred in early April, but I took $1500 out of the “savings for 2015 Roth IRA” and put it into our Roth account (last year was the first year we opened a Roth, with a meager $1300 contribution). Our contribution this year wasn’t great either, but it’s better than nothing and 10% of my paycheck is auto-deducted and invested into a 401(k), so this is actually a little deceiving because we certainly saved more than just $1500 this year.

So there you have it. The big goal remains the same: Save up money for a downpayment for a house, beef up our emergency fund, and continue knocking those student loans in the face. It’s more like little jabs right now while we’re saving so much. But soon it will be full-blown punches! I’m coming for you, student loans! Mwhahaha (<evil debt-paying laugh).


Latest Student Loan Update

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I hate student loans. Like, with a fiery passion. I guess they serve a purpose (I would not have been able to get my degrees without them; at least not in the timeframe I did), but there’s just so much wrong with the student loan industry I can’t even start….

*Deep breaths*

Okay. Like I was saying. I hate student loans.

Where does this come from?

Well, my own foolishness, really. I graduated in August 2013. At that time, my loans began accumulating interest. I buried my head in the sand and worked on paying down my credit cards and other consumer debts but didn’t so much as touch the student loans.

And the balances grew, and grew, and grew some more.

It’s disgusting really. When I look at my student loan balances at the end of February 2014 to today, even though I’ve recently started paying more toward the dang things, the overall balance is still up. Of course it is. How could I touch nearly $100,000 of student loan debt when I was so focused on paying down other debts?

I’m not saying I was wrong in doing this. I needed to be consumer debt-free. Needed it.

It was just the motivation necessary to really focus and recommit to get rid of the student loans to begin with.

Let’s back up.

For any new readers, I have a long history of being screwed around by Navient (formerly Sallie Mae). I’ve documented it in what has now become basically a mini-series (see here, here, here). When I last left off, Navient had bought a large student loan I had with ACS. When it transferred over, Navient switched it from a subsidized loan to an unsubsidized loan. This is a HUGE deal to me because I’m on income-based repayment (IBR) and, under this plan, unpaid interest is forgiven on subsidized loans (but NOT for unsubsidized loans). All the electronic records at ACS disappeared and Navient claimed they were unavailable due to the transfer. I had NO proof (besides this little old bloggy) to show that the loans had, indeed, been subsidized the entire time I’ve had them (thus, why the balances had never grown in spite of my measley not-large-enough-to-cover-interest payments. I never even chipped into the principal balance, but since unpaid interest was forgiven, the balances remained exactly the same month after month).

Now Navient is charging me money for interest, claiming the loan was always unsubsidized (definitely not true).

You guys. It makes me so angry that my blood just boils! It’s hard to talk about without losing composure.

I got a third party group involved, the Ombudsman Group. In the meantime I also wrote all my legislatures about my experiences. I’ve spoken with several representatives inside Navient. I’ve jumped through hoops to try to prove these loans were subsidized. Navient had me call the loan guarantor, I had to track down an original master promissory note from my old university (this was a loan from my Master’s degree back in Florida). The list of things goes on, and on, and on. But all of it was pointless, as even the original promissory note does NOT list the type of loan (i.e., subsidized versus unsubsidized).

Ombudsman Group conducted an investigation and after literal months, I got the call. They are siding with Navient. Because apparently the loan on the government’s website is called Loan 07 Unsubsidized.

Let me repeat.

THE NAME OF THE FREAKING LOAN IS ‘UNSUBSIDIZED.’

To me, this is proof of nothing. Any dummy could have labeled or misnamed the loan. Where is any paperwork proving that the loan was unsubsidized? Why can Navient not furnish any of the past paperwork and history of this loan (that was originally through ACS)? Why does ACS simply delete every trace of the loan as if it never existed so I cannot retrieve old records from them either? I’ll mention, also, that I do have some old ACS statements, but they ONLY provide the payment due. They say nothing about subsidized versus unsubsidized, nor do they even provide the loan balance. It literally only gives the payment due amount.

Because of the name that someone typed up for this loan I’m now out hundreds of dollars in interest. The name, which I don’t trust, nor do I believe, lest the government has screwed itself out of interest from me for the entire time the loan was housed through ACS and I’m SURE they’re not just giving me free interest for over half a decade – the loan is from 2009 – unless the loan REALLY IS A SUBSIDIZED LOAN. Only I can’t prove it.

So there you have it. Chapter closed.

The loan is too high of a balance for me to do a full balance transfer on (my limit for the transfer is $7500 and the loan is nearly $18,000). But I’m seriously considering halving the loan by doing a balance transfer on half. This one specific loan (out of my long, long list of student loans) is EATING ME ALIVE. I want to slam my head into a wall over the injustice that is occurring to me and, undoubtedly, countless others in the student loan world. The scary thing is that this could be happening all the time. Before I really started getting out of debt I didn’t monitor my student loans AT ALL. I had a budget for day-to-day/routine spending, but student loans were not a part of that discussion. They were buried away until the day I wrote my first debt update here (that was literally the first time I’d added it all up, as naive as that sounds).

Suffice it to say, I’m awake now. My head is out from under the sand. But I’m still partially buried beneath the mountain of student loan debt. Luckily, I’ve just received a battery re-charge (from becoming consumer debt-free) and I’m furiously clawing and pulling my way up from the depths of the debt-hole.

I know better now. And I’ll pass it on to all who will hear me.

Don’t go into student loan debt. If at all humanly possible, just don’t do it. I wrote about ways to avoid student debt here.

I’ve had a couple people ask about what’s happened with the student loans, so this is the answer. Nothing good, that’s for sure. Time to go into attack mode. I’m still trying to build our savings a little more, but very soon I will be WAGING WAR against my student loans. That’s really how it feels, too. Like I’m about to walk into battle. I hate these things that much. So let me build up my reserves. There’s never been a better time for a relaxing vacation (see: Cruise 2016). Upon my return….I just hope Navient is ready to take the figurative beating I’m about to impart. I want them out of my life and gone. It’s about to go down. Join me on my quest to kill my student loans? While we’re at it, lets kill yours too!

Anyone else have student loans that have been hanging around for a half decade or longer? Anyone else with nearly triple-digit student loan debt? I know I’m not the only one. Let’s join forces (figuratively speaking) and beat down on our loans together! Strength in numbers!!! : )


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