2002 – 30K student loans and 10K CC
March, 2005 – 20K student loans and 5K CC
End of 2005 – 10K student loans and 2K CC
Mid-2006 – 5K student loans and 2K savings
End-2006 – 0K student loans and 5K savings
Since the last post, I have been paying off the credit card balance. I decided to completely pay off the balance though it was under a 0% offer. I’m trying to stay away from credit card debt and their “generous” 0% APR balance transfers.
My current loan balance as of:
June 1st, 2005 – approx. 15K student loans and $0 cc debt
Dec 31, 2005 – 10K balance in student loans
Mar 31, 2006 – 5K balance in student loans
Jun 30, 2006 – finish paying off student loan balance
It looks like I’m going to be 6 months ahead of schedule on paying off my student loans. I now expect to be debt free by June 2006 instead of December 2006.