I did it!

"Mr. Ontop, No Strokes, No Smokes...Goes Fast." (twostrokesmoke)
03/12/2015 at 15:56 • Filed to: None

I just paid off the last of my student loans!

I graduated school with more than just a degree. I graduated with enough student loans to buy a nice house in parts of this country. Damn near $80K in student loans. It made my life a misery for more years than I care to think about, especially after I first graduated and didn't have a deent paying job. I don't regret it, because the degree has changed my life in more ways than I ever thought possible when I started out. But paying all of that back has sucked beyond belief.....Whew!

Time to get those credit cards taken care of next!

DISCUSSION (29)

505Turbeaux > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 15:59

80K is cheap these days. Good freaking job on paying it back. I sweated my ass off for a year and banked 26 grand (well, more than that). Wrote those motherfucking leeches a check for the full amount and was out from under them

cazzyodo > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 15:59

AWWWWWWWWWWWW YEAAAAAAAHHHHHHHHHHHHHHHH

Doing my taxes made me painfully aware that I still have loans...

jariten1781 > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:04

Congrats. It's freeing, no?

Mortgage is the only debt I carry...I'm working on getting rid of that ASAP. When I got married my wedding gift to my wife was paying off her student loans (but it was really for myself so I wouldn't have the slimy debt feeling all over me :P)

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > 505Turbeaux
03/12/2015 at 16:05

I know, and I have a daughter that will be starting college in another 6 years. and a son 3 years after that. If they aren't looking to get a specialized degree (engineering/computer science/pre-med etc) I'm going to point both of them straight at a trade school.

Luc - The Acadian Oppo > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:06

I'm $644 bucks away from having no more student loan. I could pay it off in one shot but since I'm now just paying pennies a month in interest I'll just ride it out for the next 3 months and be done with it.

I focused on paying off the credit cards first. and I now have ZERO balance on my card.

My only debt is my mortgage and my car payment(the car payment is next on the list).

Being free of unnecessary debt is the best thing to ever happen to me.

505Turbeaux > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:07

solid plan. I am hoping the expectation of a traditional college degree is dead by the time my daughters are there

Aaron M - MasoFiST > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:07

Congrats. I've been out four years and I'm still chugging away on mine...fortunately I only owe money for grad school, otherwise I'd be *really* broke.

ttyymmnn > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:07

Congratulations! Nothing better than getting out of a hole.

BeaterGT > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:08

I should have my student loans and car loan paid off by the end of the year. Not bad for graduating only 4 years ago.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > 505Turbeaux
03/12/2015 at 16:09

I think it will be there, for our kids generation it is pretty much the same as a high school diploma was for our generation. It's expected or else you don't get anything close to a decent job.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > jariten1781
03/12/2015 at 16:10

freeing...yes, I'm doing this dance:

Kinja'd!!!

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > cazzyodo
03/12/2015 at 16:11

It was my refund that made it possible to pay the damn things off! Woo hoo overpaid taxes! (Never thought I'd say that)

cazzyodo > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:13

Refunds feel like free money haha.

Good call finishing them off!

handyjoe > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:18

Most excellent. I hope to be making this post in 10 months, and it is killing me to know it is so close.

RamblinRover Luxury-Yacht > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:25

I'm still 5-6 years out if I continue paying minimums, which I really need to get a better job not to continue doing.

RamblinRover Luxury-Yacht > cazzyodo
03/12/2015 at 16:26

Yay, student loan interest deduction!... wait. Yeah, for all the fun that deducting things from one's taxable income is...

BKRM3 > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 16:51

Oh my GODDDDDDDDD you lucky bastard! Congratulations! I dream of the day that I, too, can be counted among the unshackled, free and productive members of society.

$152k for me upon graduation (from law school). Ain't that a bitch? I've made a lot of progress and could be done with them in short order if I sold the M3 but, hey, a guy deserves to have SOME pleasure in life, right?

RustedSprinter > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 17:04

Congratz man! Any advice to a dude thats graduating college soon? What was your major too?

Bryan doesn't drive a 1M > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 17:50

Congrats. I still have about a year left. Can't wait to be free of those bastards.

turbojames > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 18:44

http://m.youtube.com/watch?v=T0W0MV…

Did no one else think of this when they saw the chains?

turbojames > turbojames
03/12/2015 at 18:45

Sorry it's a link and you have to open a new webpage but Kinja sucks ass so I had no choice.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > BeaterGT
03/12/2015 at 20:10

Just 4 years? That's excellent. I'm just happy I was able to get them paid off before my kids started.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > RustedSprinter
03/12/2015 at 20:19

International Business and Japanese. Neither of which resulted in a job. That probably had to more to do with the recession that was going on when I graduated than that. no one got jobs after graduating back then. My interest in computers, programming and writing skills (believe it or not) have been what kept me employed all these years.

The best advice I can give you, since it isn't debt that can be bankrupted out of, is don't run up additional debts on credit cards (or whatever) and just put as much to them as you can afford to pay.

RustedSprinter > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 20:20

Thank you! I believe in your writing skillz my boy! How many bridges should I burn down too?

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > RustedSprinter
03/12/2015 at 20:25

Only the ones that others are afraid to cross.

gmporschenut also a fan of hondas > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/12/2015 at 21:39

Kinja'd!!!

CB > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/13/2015 at 14:45

I finish university next year and I'm looking at owing $16k in loans, which isn't terrible. $300 a month for six years is something I'm not going to look forward to, and basically any extra cash is going to go into getting rid of that loan.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > CB
03/13/2015 at 14:55

what is the interest rates on student loans now?

CB > Mr. Ontop, No Strokes, No Smokes...Goes Fast.
03/13/2015 at 14:57

For me, I'll end up paying 3.5% on it, according to the OSAP calculator, which also says that it'll take me 72 months to pay off my loan at $268 a month.