2016 Major Goal Met! ($52,277)

Just a quick update to share that I met my main goal, and paid off $20,000 in loan principal this year.  This is probably where I’ll end up for the year, but I’m pretty happy with my progress, and hoping to do even better in 2017.

This is slightly under what I paid off last year (didn’t realize that the total on my last post for 2015 was to the same point in 2015, and not the total for the full year — I must have had an additional payment at the end of the year that put me over the edge.

$56,614 – remaining balance by original loan:

  • $2,625 $0 (freshman year – undergrad)
  • $8,500 $3,614 (1L subsidized loan)*
  • $12,000 (1L unsubsidized loan)*
  • $8,500 (2L subsidized loan)
  • $12,000 (2L unsubsidized loan)
  • $8,500 (3L subsidized loan)
  • $12,000 (3L unsubsidized loan)
  • $3,500 $0 (Grad Plus Loan – bar fees and prep)
  • $1,200 $0 (Irresponsibility Loan #1)
  • $2,500 $0 (Irresponsibility Loan #2)
  • $1,200 $0 (Irresponsibility Loan #3)


This is 216 puzzle pieces–10 more than my most recent puzzle post.   I’m so close to halfway there, and should hit it in February.

* On the off chance anyone besides myself is actually reading this.  I’m wondering if I should go in order of smallest to largest on my tracking here (all $8,500 loans first) or by school year ($8,500 then $12,000 each time)?  These are actually all consolidated together, so it doesn’t make and real difference, but I’m thinking it might help me to be able to say that I’m 100% done with paying off my first year of law school — or something like that.

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I Cheated… ($51,838.92)

And bought my iPad before I’ve reached my goal of paying off $20,000 in principal this year.  But only because I was able to buy it for almost $150 less than the usual price.  Glad I didn’t impulse buy it immediately when my computer broke.

But fear not, this purchase will not deter me from meeting my goal to pay off $20,000 in principal this year.  I was referred by a coworker of mine for my most recent student loan refinance, and we both received $200 as part of their referral program.  My $200 went right to my principal.  My first monthly payment to the new loan will happen at the beginning of next week, and if that doesn’t take me over the top, I’ll make another small payment towards the middle of the month.

The yellow bar is last year — it doesn’t show hitting $20,000 because of issues with tracking one of my loans, but not an issue this year.  I’ll be posting an update to my puzzle once I hit this milestone.  And I’m excited for the new year, and posting my new goal.  Until then…