aww yeah... student loan payment (actually feels kinda good)

[OreoGaborio]

just made my first payment online... i'm paying twice the ammount necessary each month since this'll reduce my interest rate by 0.25%... and doing it online reduces it another 0.8%.... that means if i do this every month for the first 12 months, my interest rate will be only 2.37%... daaaaamn sucka 8)

[UNHCLL]

What feels better is walking into the loan office and dropping a check on the desk for the whole loan. 8)
Got that joyus feeling 2x last summer.

[PeterCip]

UNHCLL,
you obviosly don't owe 72,000 smackers like me! 8)
its gonna be a while till I pay that off
-p

[UNHCLL]

UNHCLL,
you obviosly don't owe 72,000 smackers like me! 8)
its gonna be a while till I pay that off
-p

Nope, But by not modding my e30, and cutting back all expenses, I've managed to come close to paying off all of my loans the summer after I take them out. Priorities.

BTW,
I attend the highest in state tuition school in the country.

Chris

[OreoGaborio]

and i coulda gone to harvard & then some w/ the tuition my parents & i were paying... i could almost pay off the entire loan in one payment as well, but that would leave me flat ass broke

[UNHCLL]

and i coulda gone to harvard & then some w/ the tuition my parents & i were paying... i could almost pay off the entire loan in one payment as well, but that would leave me flat ass broke

:P Harvard is for sissies.
Besides, paying over time builds credit.
Credit is good.

[OreoGaborio]

harvard is for RICH sissies ;) ... but usually they stay that way, since most of em are on scholarships... pfft... scholarships are for sissies :roll: (just kidding boys)

[FredK]

harvard is for RICH sissies ... but usually they stay that way, since most of em are on scholarships..

Actually, Harvard and most Ivy League skoolz have need based financial aid. That is, they will still load you up with loans no matter what. It's not like they eat filet mignon in the dining hall and drink tea and eat crumpets at 4pm every day. That's UNH. :twisted:

[franz]

and i coulda gone to harvard & then some w/ the tuition my parents & i were paying... i could almost pay off the entire loan in one payment as well, but that would leave me flat ass broke

:P Harvard is for sissies.
Besides, paying over time builds credit.
Credit is good.

Barely. It's almost impossible to build credit but very easy to tear it down. Paying a loan off early won't make your credit rating any less than keeping it and making timely payments, in fact it probably makes it better, less debt to income ratio. Same average age of loans, paid off or not. Borrowing money in the first place does help your credit though, funny that.

[Jarvis]

my school (Hartwick College) costs $36K/year and it's nowhere near Harvard-quality. In my opinion, it sucks! That's why I won't be wasting my money here next year. I had take out $13,500 in student loans for just this first year :shock: There's a LOT of schools now that are beginning to cost ridiculous amounts of money, not all of them are Ivy League either.

[OreoGaborio]

my school (Hartwick College) costs $36K/year and it's nowhere near Harvard-quality. In my opinion, it sucks! That's why I won't be wasting my money here next year. I had take out $13,500 in student loans for just this first year :shock: There's a LOT of schools now that are beginning to cost ridiculous amounts of money, not all of them are Ivy League either.

that's about what my college cost as well... 34-38 a year... luckilly i have parents that know how to save what they get & conserve what they have... kept alot of financial pressure off of me