I mentioned before that I'm being gifted some money from my mom. Well, my first student loan is a private loan in my parents name. So they went and paid off the loan today as I asked. And I'll get a check for the difference.
I am SO happy to have that paid off. I hated having debt in their name and now I'm FREE from it!! Nice!
To top it off, the balance was less than I expected. And because it was paid off before the next due date, I was able to send that loan's monthly payment of $225.00 went to Student Loan #2!
Now I need to work on Student Loan #2. The current balance is $9017.28 (before this new payment hits).
Edited to add: Although the gift paid off the last $1,652.46. I'd just like to say that I got that balance down from:
Dec 31, 2005 $15,694.69
Feb 28, 2006 $15,100.52
Jan 31, 2007 $12,512.40
Oct 3, 2007 $8,813.28
Jan 8, 2008 $4,973.31
Mar 1, 2008 $3,795.49
Today: $0.00!
Wooo Hooo!!! Student Loan # 1 Paid off
August 1st, 2008 at 02:09 am
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August 2nd, 2008 at 01:20 am 1217640032