Another quick update, because I’ve made my largest loan payment to date — $10,000! I’m not positive if all $10k will go to principal, but the most that could potentially go to interest is less than $100 (since less than that accrues every month now!). The puzzle will remain the same either way – 276 pieces. Over halfway there!
$44,695– estimated remaining balance by original loan:
$2,625$0 (freshman year – undergrad) $8,500$0 (1L subsidized loan) $12,000$3,695 (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)
I’m down to five of my original loans–and should get rid of the second 1L loan in the next two months, I’m thinking. As promised, I put 6% of my bonus towards my 401(k) (and got an awesome profit sharing contribution), $750 towards my HSA, and booked tickets and a place to stay in California for five days this summer. The only thing I have left to book for the trip is a rental car. I also bought a sweet new blender, and I’ve been working on trying to mix up my smoothie game.
I’ve already filed my taxes this year, and I should be getting a pretty good sized return–thanks little man! I’m hoping to put another $3,500 (minimum) towards my loans once that comes in. I have not put any rent payments toward my loans – yet. I have to transfer the money from our house account to the bank account that’s connected to my student loan, and that takes a few days. But I’ll be putting another payment through as soon as that clears.
(I’m trying to make a border at this point, so that eventually I’ll just be filling in the middle–I realize that right now it just looks very unorganized)