Friday, October 29, 2010

Monthly Student Loan Debt Roundup

I realize it's not officially the end of the month, but I assume you the reader want to read a blog post on Halloween as much as I want to write one. And I was excited to write this roundup as it's the first ever with a zero in a "amount owed" column due to the glorious fact that I paid off one of my student loans earlier this month.

And I wanted to share something I probably should have looked into earlier as it has previously taken me about 30 minutes of research to determine how much of my federal loans were applied to each year of study. Well, apparently if you go to the National Student Loan Database you can find all this info in a nifty little chart like this one that shows how much you borrowed each year:

It's small but organized and you can get your very own at the Department of Education website (minus the ghost). Anyway, it reminds me that nearly two years after writing the post about still paying off my freshman year of college that I am still, in fact, underwater on my federal student loans. I am going to calculate how long it will be before I am above water but I've already done a lot of math today. It's not like I'm snowballing the loans by year of study since I am paying the highest interest rate first, but still I want to know these milestones.

So here are this month's totals, knocking out over $1200 in debt:

Happy Halloween everyone!

P.S. if you are looking really closely, yes I made a math error in last month's post, which frustrated me all day long as things weren't adding up. I'm working on fixing it now. :-)


LoLa said...

Thank you for the info on the National Database. I just logged in and there were all my student loans. It is a great resource to make sure I am keeping up with my current and existing loans. Thanks.

FB @ said...

That loan at $0 makes me smile :)

I can't wait until you have them all at $0!!!!

Sallie's Niece said...

Me too! 8 more years!