Monday, February 17, 2014

Thirty Years?!?!

My husband's student loans are split into five different loans. We will have the smallest one paid off in the next two to three months (hurray!). I was looking at the account and playing with numbers and saw that if he were to just pay the minimum, that loan would be paid off in 2044.

Until I got a hold of his loans and finances in general, he was paying the minimums. And I will say, since he went back to school we've been able to make a HUGE dent, since 3/5 accounts aren't collecting interest. But 2044!? That's FOREVER.

It made me smile to be able to say to him today, "Did you know we're paying off your first student loan THIRTY YEARS EARLY???"

How early have you paid off student loans?

1 comment:

  1. 30 years is crazy! We paid all of mine off last year and it felt amazing!