Comments on: Managing paying off your student loans

By: Will student loans save health care? | The Frugalista

Will student loans save health care? | The Frugalista — Wed, 17 Mar 2010 15:15:42 +0000

[...] The student loan proposal is expected to save $65 billion over 10 years. Student loans can be a beast. [...]

By: Khurston

Khurston — Mon, 28 Jul 2008 16:20:45 +0000

I realized recently that the amount of my loan payment of $300 a month going to the principal is $3! Holy Hell! I graduated from Law School 10 years ago, and I’ve paid down $5,914.71 of my $47,000 loan. DAMN!
I apparently did everything wrong (consolidated loan, variable interest rate, etc) but I’m trying like crazy to fix it now. When i got a notice that my interest rate was dropping, and so was my payment, I asked them to reformulate my payment plan to keep paying the same amount as before the rate change, so more $$ would go to the principal. I also decided to use a year end bonus exclusively toward paying off this loan, and I’m trying to budget a little to put another $100 a month into my payment. I wish I’d taken control of this much sooner.

By: girlatastartup

girlatastartup — Sun, 13 Jul 2008 22:06:31 +0000

Thanks for the info. Natalie.

By: Tiffany

Tiffany — Sun, 13 Jul 2008 21:50:21 +0000

I think, and have always been told, that my student loans are good debt. Personally I’m not stressing over my student loans at $175 a month. The interest rate is 3% on my student loans. If anything it’s the credit card debt that causes me to lose sleep.

By: personal loans

personal loans — Sat, 12 Jul 2008 06:30:54 +0000

There are many type of loans available in the market. Its very important to examine all your options first before settling with your final choice. Thanks for the info!

By: The Frugalista Files

The Frugalista Files — Fri, 11 Jul 2008 15:22:50 +0000

Just Wondering/Lima- Why do they make consolidation so bittersweet?
Coco-Congrats!

By: Lima

Lima — Thu, 10 Jul 2008 22:50:07 +0000

Unfortunately, I consolidated mine about 3 weeks before 9-11 so I have a fairly high interest rate & can’t do anything about it. I’m a stay-at-home parent. Now that we’d paid off the girls’ Florida Prepaid Funds, we will start applying income tax refunds to mine. Once I start working again, the bulk of my income will go to it. Got fingers crossed that it will be paid off in the next 5 years.

By: Coco

Coco — Thu, 10 Jul 2008 20:31:36 +0000

When I finished paying off my credit card, I used the amount I had been paying on it to increase my student loan payment. I was done in 3 months. Just as I was making the final loan payment, I landed a better paying job – on to other financial goals

By: JustWondering

JustWondering — Thu, 10 Jul 2008 16:23:56 +0000

Thanks for the much needed info! I wish I could have had my loans forgiven but I already consolidated them so I’m at square one. Oh well lol