I recently paid off my student loan debt. Felt great! I have been out of college since 1995. That is 11 years of debt that was hanging over me. Part of the problem was right after school everyone told me. “Don’t worry about student loan debt.” Not sure why everyone felt this was good advice, but I seemed to hear it over and over. So soon within a year of graduating I consolidated all my loans thus taking down a 400 month payment to around 200. And there it pretty much sat for about 9 years. Month after month….felt like the payment had always been there and would always be there. I didn’t see anyway of getting rid of so much student loan debt. In that long time, it had barely budged downward.
It was time to get serious, so for a few years I hammered away and saved up and worked anything extra I could do. It feels to great to get rid of that burden.
Going through school, I never thought more than a second about the loans I was getting. After all everyone does it right. Just sign on the line and move on. I didn’t even have any idea how much I really owed until I was all done with school.
Now that the debt is gone… (actually all my debt is gone except for my home but I’ll get into this later on), it feels great.