Wednesday, March 9, 2011
Student Loan Help: I am out of the closet
Student Loan Help: I am out of the closet: "Here's my stats, married mother of three, one full time job and $77K in student loan debt. It's a bit overwhelming to think of; let alone ta..."
I am out of the closet
Here's my stats, married mother of three, one full time job and $77K in student loan debt. It's a bit overwhelming to think of; let alone talk about. I am extremely grateful for my degrees but I am DEFINITELY paying the price. I don't want to complain but I feel overwhelmed by it all so I've decided to take a stand.
I often ask myself if I'd known then what I know now would I have done things differently. Probably, but it's too late for that now. So now on to a solution.
Today I realized that I am desperate need of help. Here's the deal. I am working on my credit score. As I rapidly end my twenties I realize the necessitiy of good credit. That said, mine is in need of some work, to say the least.
Like most young people, I took advantage of the credit opportunities that I was given and I've paid my dues. Finally, now I ready to begin the next chapter in my life. I have a goal of reaching a 800 credit score. A mere 13% of the popultation can boost that score but I am ready for the challenge. But first things, first pay off my student loan debt. It is written "Ask, and it shall be given you". So I am asking everyone I know to give me $5.
Here's my plan:
I often ask myself if I'd known then what I know now would I have done things differently. Probably, but it's too late for that now. So now on to a solution.
Today I realized that I am desperate need of help. Here's the deal. I am working on my credit score. As I rapidly end my twenties I realize the necessitiy of good credit. That said, mine is in need of some work, to say the least.
Like most young people, I took advantage of the credit opportunities that I was given and I've paid my dues. Finally, now I ready to begin the next chapter in my life. I have a goal of reaching a 800 credit score. A mere 13% of the popultation can boost that score but I am ready for the challenge. But first things, first pay off my student loan debt. It is written "Ask, and it shall be given you". So I am asking everyone I know to give me $5.
Here's my plan:
- Aggressively target more DJ gigs to make extra money
- Start saving money but cutting expenses
- I am asking everyone I know to give me $5 to help me pay down my student loan debt. Hey if you don't have $5 a $1 will do.
| Loan Type | Loan Number | Loan Status | Current Balance | Original Loan Amount | Payoff Balance* | |
| Account Number ...-71 | Due Date Day: 23 Change | |||||
| Federal Subsidized Stafford | 36 | On Forbearance1 | $9,937.23 | $8,500.00 | $10,183.63 | |
 | ||||||
| Federal Unsubsidized Stafford | 37 | On Forbearance1 | $12,445.50 | $10,000.00 | $12,754.14 | |
| ||||||
| Federal Subsidized Stafford | 38 | On Forbearance1 | $10,479.92 | $8,500.00 | $11,174.33 | |
| ||||||
| Federal Unsubsidized Stafford | 39 | On Forbearance1 | $12,188.33 | $9,558.00 | $12,995.95 | |
| ||||||
| Subtotals | $45,050.98 | $36,558.00 | $47,108.05 | |||
| Account Number ...-72 | Due Date Day: 03 Change | |||||
| Consolidation | 34 | On Forbearance1 | $18,538.98 | $17,099.98 | $19,256.13 | |
| ||||||
| Consolidation | 35 | On Forbearance1 | $3,115.81 | $2,660.00 | $3,235.38 | |
| ||||||
| Totals | $66,705.77 | $56,317.98 | $69,599.56 | |||
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