…is ending.
Just got my first bill from good ‘ol alma mater… the due date for the first payment is January 1, 2008. Happy New Year’s! Time to pay the piper!
From now until 2017, I’ll have to commit $160 every month to pay back my college loan. NOT complaining, though, I basically lucked out with an interest-free loan. And let’s face it, <$200 a month is a very feasible repayment when I think about the many, many college grads out there who are saddled with bigger loans.
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{ 4 comments… read them below or add one }
wow.
how in the heck did you get a zero interest loan!?
color me jealous!
Wow – interest free. I didn’t have a huge loan, but the interest on it was ridiculous. After a couple of years I finally switched the remainder of the loan to a different lender and that totally changed the speed at which I could pay it back! If it had been interest free, I totally would have just continued to pay the basic amount and put extra money on things like our mortgage.
My monthly payment will be about $1,361 (for a ten year payoff).
Mine is like 700 a month for a 10 year payoff. ;(