a little more than two years ago i paid off my first student loan from attending duke. today i paid off my second (and final) one! my duke education is paid for! woo hoo!
i'll again reiterate how TOTALLY WORTH IT i believe it is to take out student loans if you can't afford to attend your dream college without them. i'm not advocating anything excessive, but a couple thousand dollars a year was very manageable for me to pay back, and i'd wouldn't do it differently if i had to do it again.
the timing of this is good, as in august i'll take out a loan to help finance my year at columbia. in fact, the timing is on purpose. i could have continued to pay this loan off over another year or two but chose to just pay off the remainder from some of my savings so i'd have a clean slate before starting grad school in the fall. this felt important to me - the ending of one chapter of debt before beginning a new one.
the interest rate on the loan i just paid off? 2.1%. the interest rate on the loan i'll take out this summer? 6.8%. times have changed.
(anyone know if graduate loan rates will be lowered - like undergraduate ones will - if congress passes this student loan bill?)
No comments:
Post a Comment