You’ll remember that just a few weeks ago I wrote about my student loan balances were finally at $100,000. Well, I’ve hit the next big milestone in my student loan repayment – combined, my student loans are now less than $100,000. After three years of payments, I’ve finally broken $100,000.
Sure, it’s not the most exciting thing in the world to celebrate – especially considering I still have about $99,984 left to repay – but it’s still an achievement. Plus, I’m pretty proud at my ability to mix frugality into my daily life. There are some people who run up huge student loan bills (or credit card bills or any other type of consumer debt) and they push them off, refuse to deal with them, or make the minimum payments. I choose to do the opposite.
Repaying some $22,000 over the course of three years is pretty impressive for a guy right out of graduate school. It’s all about sticking to a budget, being able to say “no” to unnecessary expenses, and embracing a realistic lifestyle. So there’s the big news – my student loans are now less than $100,000 combined. 🙂