After repaying $24,420 over 10 1/2 years toward an original $14,375 student loan, I am finally DONE!
One funny note: I paid my last lump payment online the day before MLK Day, so the banks weren't open to process it (adding one extra day's worth of interest). Upon logging in to check my account balance, I found I still owed four cents! I called to inquire about it, and was assured the loan company would "write off the 4 cents." I wasn't too keen on associating the term "write off" to such a long loan. So, after first considering dropping 4 dirty pennies in an envelope, I ended up writing my smallest check ever for $0.04.
Student Loan - DONE!
January 29th, 2008 at 07:46 pm
January 29th, 2008 at 07:47 pm
January 30th, 2008 at 05:01 am
Anyway, congrats! Glad you finally got rid of 'em!
January 30th, 2008 at 05:20 am
January 30th, 2008 at 06:10 am
January 30th, 2008 at 06:19 am
January 30th, 2008 at 06:53 am
I wonder if they will even cash it. LOL. You might get to keep it, but yes you will be covered then.
January 30th, 2008 at 11:43 am
I once received a final bill from the phone company for $0.06. I didn't want to send such a small check out, so I taped a dime to the payment slip. A month later, I got a check back for $0.04. That's accounting for you.
January 30th, 2008 at 12:31 pm
February 2nd, 2008 at 10:32 am