This blog post on how to pay off student loans quickly was last updated on December 3, 2016.
Yes, you just read the title of this blog post correctly. My student loans are gone and fully paid off!
Donezo. Eliminated. Demolished.
It seems like just a couple of months ago I published my post about my $38,000 in student loans (scroll down to the bottom of this post if you are interested in how I paid off my student loans) and how badly I wanted them gone.
I have made a decent amount of recent payments and have watched our savings account dwindle down to a very low and uncomfortable number (still livable though).
Our monthly income keeps increasing and without it, none of this would have been possible. I am very grateful for everything in life.
Also, many have asked about why I made some small payments of less than $1 (see the picture below). It is because whenever I would pay the full amount of the loan off, they would still charge interest on the loan for the day until the actual payment was received. So, I had some small payments of less than $1. [Read more…]