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Fuck yeah! I finally paid off a student loan!

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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 10:50 PM
Original message
Fuck yeah! I finally paid off a student loan!
See you in hell, Old College Loan!

:woohoo: :toast: :party: :woohoo:


Now to chip away at the loans from the other college. I'll tell them off...oh, around 2015 if all goes well.

But still,

:woohoo:

all the same.
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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 10:55 PM
Response to Original message
1. Nicely done.
Destroy nasty debt!
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:02 PM
Response to Reply #1
5. Thank you. So far this year is off to a good start in that department.
It's about time too.
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CarpeDiebold Donating Member (652 posts) Send PM | Profile | Ignore Wed Jan-04-06 10:57 PM
Response to Original message
2. wow, congratulations
that must be an awesome feeling...calls for a :toast:
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:04 PM
Response to Reply #2
6. It calls for 6 of them
one for each year of payment!

:toast: :toast: :toast: :toast: :toast: :toast:

Thank you!
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elshiva Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 10:58 PM
Response to Original message
3. CONGRATS! I did that too!
YEAAAAAARRRRRRRRGHHHH!
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:05 PM
Response to Reply #3
7. Here's to you too then!
:toast:

Good for you!
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:00 PM
Response to Original message
4. What a great feeling!
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:07 PM
Response to Reply #4
8. It feels amazing particularly because it was for the school that
kicked me out for being a bad student.

Now I have no connection to that place at all.

Well. Other than my bitter memories, but I'm ok with that. :D

Thanks!
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Whoa_Nelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:13 PM
Response to Reply #8
9. Ahhhh! Double the joyful moment for you!


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alarimer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-06 11:39 PM
Response to Original message
10. I paid one off last month
Got a few months to go on two more (maybe 5 months). Still won't be debt free, what with credit cards and a car payment but it feels good to finally pay off the student loans, after something like 12 YEARS!!!
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-05-06 12:45 AM
Response to Reply #10
12. Congrats to you too. I'm not close to debt free either, but every one
that gets taken out of the picture makes it that much closer.

12 years?! Lordy. I hate that education costs so much, but at the same time, if I'm going to spend 12 years--give or take--paying something off I'd rather have it be for it than anything else. Still sucks though.
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alarimer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 01:18 PM
Response to Reply #12
14. it was for grad school
that I ultimately left without the degree. So it doubly sucked. But I went back eventually and this time I am doing it debt-free (well except for some help from my parents whom i expect to pay back soon).
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Shine Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-05-06 12:35 AM
Response to Original message
11. That's a great feeling. Congrats and kudos to you!
:toast:
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-05-06 12:45 AM
Response to Reply #11
13. Thanks Shine!
:hi:
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Rambis Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 01:34 PM
Response to Original message
15. I take it you don't have a liberal arts education?
I had no loans to speak of but my wife's 400+ a month could be used to stimulate our economy in the form of a new car perhaps?
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 01:37 PM
Response to Reply #15
16. Oh I do. Do I ever...
This one was just one little loan for one semester at a school I got kicked out of. So I'm happy to say goodbye and good riddance to it for a few reasons.

I still have a few more loans for 2 years at a private liberal arts college where I finished school, and those are the ones I'll be paying off until at least 2012. If I had been there for the full four years instead of transferring in halfway through--ugh. I don't want to think about owing that much money.
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Rambis Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 02:04 PM
Response to Reply #16
18. Sorry to hear that
good luck-
I just went to a seminar where the kids in high school right now expect to earn bewteen 75-80,000$ coming out of college. I hope they get it but I wouldn't hold my breath.
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LynzM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 01:57 PM
Response to Original message
17. Congrats! That's excellent!
:bounce:
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:08 PM
Response to Reply #17
22. Thanks!
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ucmike Donating Member (999 posts) Send PM | Profile | Ignore Fri Jan-06-06 02:06 PM
Response to Original message
19. nice. bet it feels good.
i have $1300 left on one, should be paid in a few months. more on the other, but its getting there. i have never had a new car, despite having good jobs. whenever anyone would ask why i drove an old car i'd tell them, "because i went to college, instead."

in hindsight, i wouldn't do it again. i get very little satisfaction from my degree. i thinks its holding me back from some of the jobs i've been applying for lately.
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:10 PM
Response to Reply #19
23. It's not bad, that's for sure.
I'm sorry your degree isn't getting you where you'd hoped. But, they aren't everything either. Good luck to you in your job hunt--hang in there. :)
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eyesroll Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:03 PM
Response to Original message
20. Congrats!
:toast:

I'm about to go somewhere between nothing and $90,000 in debt for law school, depending on whether the Scholarship Fairy is good to me, so I hear ya.
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:12 PM
Response to Reply #20
24. Yeah but you're going to be an official smarty pants so it's worth it.
Good luck to you! :toast:
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WeRQ4U Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:07 PM
Response to Original message
21. My Mortgage-sized Law School loans should be paid off by 2033 I think.
The light at the end of the tunnel has been turned off for now.
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:14 PM
Response to Reply #21
26. Fun to contemplate that isn't it?
And by fun I mean completely insane. My other loans are about new car sized and by the time I'm close to being done with them--well it doesn't even pay to think about when that will be because it's just depressing.

But hey, we have some fancy book-learnin' under our belts, and that's a good thing at least.
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WeRQ4U Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:22 PM
Response to Reply #26
28. I'm comforted in knowing that it's fairly cheap money...
And yes, that I got some smarts out of the deal.
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RandomKoolzip Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:13 PM
Response to Original message
25. How long did it take?
I planning on taking out a loan for college, but I don't want to be stuck with the debt for the rest of my life AND I don't want to work full-time while in school (when will I do homework when I work 10-11 hours a day as a line cook?)

Did you go through Sallie Mae?
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jane_pippin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 03:22 PM
Response to Reply #25
27. Well this one was a small one and with some deferment time it took about
Edited on Fri Jan-06-06 03:23 PM by jane_pippin
6 years. But it was teeny compared to loans I have from another school. And I rarely paid over my little scheduled payment amount because I was too broke. Those will take at least until 2012 or longer depending on how much money I make and if I can afford to pay more or less than my scheduled amounts.

It was through Sallie Mae, yes.

It absolutely sucks to be saddled with debt, and it makes me mad that education costs what it does. At the same time, I still think that if I have to be stuck with debt--and I think most of us will be at some point for something--I'd rather it be for education than for a car or credit cards. And you're smart to not want to work full time if it can be avoided. For a while I had 2 part time jobs and a full course load just so I could pay out of pocket for tuition. It wasn't worth the exhaustion and I spent half the time sleeping and skipping class just to stay sane.
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Metta Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-06-06 04:13 PM
Response to Original message
29. Mazel tov!
Well done. By all means, live it up. :thumbsup: :toast: Another rite of passage down.
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