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Started By
Message
Just paid off my student loans - debt free!
Posted on 2/20/17 at 12:09 pm
Posted on 2/20/17 at 12:09 pm
Officially debt free! 0 in credit cards, 0 in car, 0 in student debt!!!! 
21
Posted on 2/20/17 at 12:12 pm to transcend
Man I envy you. I feel like the day I cut that final student loan check will be the greatest day of my life.
Posted on 2/20/17 at 12:17 pm to transcend
Now don't go do that again
Posted on 2/20/17 at 12:21 pm to bwallcubfan
Great news man. That is a huge raise you just got.
Posted on 2/20/17 at 12:25 pm to transcend
Congrats. If you can keep it that way you will be a wealthy person.
Posted on 2/20/17 at 12:38 pm to kywildcatfanone
Thanks guys! I am so happy I had to share it!
The only debt I will ever accept going forward will be the mortgage on my new house. Even that makes me uncomfortable, but it is almost impossible to circumvent.
The only debt I will ever accept going forward will be the mortgage on my new house. Even that makes me uncomfortable, but it is almost impossible to circumvent.
Posted on 2/20/17 at 12:41 pm to transcend
Debt isn't bad, as long as it's backed by an asset.
ETA: Congrats though, student loans definitely aren't backed by an asset.
I'm down to 6k from 82k.
ETA: Congrats though, student loans definitely aren't backed by an asset.
I'm down to 6k from 82k.
This post was edited on 2/20/17 at 3:18 pm
Posted on 2/20/17 at 1:17 pm to transcend
Congrats.
Posted on 2/20/17 at 1:31 pm to transcend
quote:
The only debt I will ever accept going forward will be the mortgage on my new house. Even that makes me uncomfortable, but it is almost impossible to circumvent.
That is a great way of looking at it.
Posted on 2/20/17 at 1:38 pm to transcend
Lucky fricking bastard.
Posted on 2/20/17 at 4:12 pm to transcend
im down to 12k on my student loans....that's it besides my 44k truck note. only two more years!
Posted on 2/20/17 at 4:31 pm to Mossive
Congrats OP! My company bonus is going to kill off my last ~$9k next month, can't wait
Posted on 2/20/17 at 5:16 pm to transcend
Congrats!
Posted on 2/20/17 at 5:45 pm to transcend
Care to tell us more? How long did it take? What kind of degree did you pay off?
Posted on 2/20/17 at 5:58 pm to transcend
I just have mine set to auto draft.. Too depressing to write that large of an amount each month out.
Posted on 2/20/17 at 8:52 pm to transcend
Congrats!
Posted on 2/21/17 at 7:29 pm to transcend
You are awesome! You deserve a standing ovation.
I did this (with my wife's help) about 5 years after we got out of school.
Awesome feeling.
Now I just want the final bill (mortgage) paid off too.
I did this (with my wife's help) about 5 years after we got out of school.
Awesome feeling.
Now I just want the final bill (mortgage) paid off too.
This post was edited on 2/21/17 at 7:58 pm
Posted on 2/22/17 at 1:55 pm to transcend
Posted on 2/22/17 at 4:02 pm to transcend
Congrats! We aggressively paid off our loans ~$65k in 2 1/2 years by taking a fair amount of my wife salary and putting it towards the loans and lived off of mine only. This was pretty tough but with 6.8 percent interest I wanted to knock this out as fast as possible.
(UN-Subsidized for grad school)
Now we are still basically doing the same but saving and investing my wifes salary! It's been an amazing feeling!! Try and continue to save the student loan payment (or more).
(UN-Subsidized for grad school)
Now we are still basically doing the same but saving and investing my wifes salary! It's been an amazing feeling!! Try and continue to save the student loan payment (or more).
This post was edited on 2/22/17 at 4:03 pm
Posted on 2/22/17 at 4:14 pm to barry
quote:
Congrats though, student loans definitely aren't backed by an asset.
No but this is clearly an exception (more often than not). An engineering degree from instate tuition is not something I regret and definitely believe I would not have the salary I currently have without it. I pay $157 in student loans a month and the degree definitely got me a larger raise than $157 a month upon completion. Getting laid off is a different story now...
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