Home > Wooo Hooo!!! Student Loan # 1 Paid off

Wooo Hooo!!! Student Loan # 1 Paid off

August 1st, 2008 at 02:09 am

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!

8 Responses to “Wooo Hooo!!! Student Loan # 1 Paid off”

  1. Broken Arrow Says:

    Hey congrats!

  2. gamecock43 Says:


  3. aevans1206 Says:

    Oh wow. Good for you! I can't wait to get there myself.

  4. cargirl86 Says:


  5. JanH Says:

    That's a great job! You really knocked that loan to its knees even before the gift. Congrats!

  6. Aleta Says:


  7. monkeymama Says:

    Way to go!

  8. terri77 Says:

    Congratulations! I love that you first paid off the loan in your parents' name.

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