One of the first questions that students are faced with after graduating with student debt is “Should I refinance?” So what are the pros and cons of a private loan versus federal loan? And which one did I choose and why? In this post, I will go through my experiences with different repayment plans and my journey of how I came to choose the repayment plan that was right for me. Private Loan The biggest perk of refinancing to a private…
For my January & February student debt statement, I made a total payment of $5775. The biggest update is that I paid off another loan! I will also give quick but important tips on filing your tax return at the end of this post so be sure to not miss it.
November and December were very busy months for me, with the holidays and the new job. I only made one payment total in November so I decided to combine November and December into one student debt statement. Overall I made very great progress in December, making up for that one payment I made in November. I decided to tackle my next highest interest, deciding to go with the debt avalanche method. I had previously requested Nelnet, my student loan servicer…
Now that things have settled down a bit more and I have more time on my hand, I am definitely planning to update more. I’ve been keeping up to date with my student debt statement. I wrote in my previous post that I had some good news to share. I should have known better no good news comes without a setback. So I have one good and one bad news. The good news is that as you can see, I’ve…
Since I’ve been behind in updating my student debt statement, I figured I would put the past 2 months in the same post. In total, I contributed $2,000 in August and September. Not a lot of changes for both month. I am still very proud of myself for getting in those $1000 payments each month, especially because they were made during my grad intern days when I was only making less than half of my current salary as a…
Hello and welcome to my first student loan debt statement post. Every month I will create a debt statement listing out my student loans, any payments I’ve made that month, and my current balance. Perkins & Subsidized Loans These are my undergraduate loans. I had made a couple of payments on them while still in undergrad because I realized I had taken out too many loans, hence the payments of $1500 and $339 listed. In retrospect, had I known I…