Long-awaited Progress Update

PROGRESS UPDATE

Original Debt (December 14, 2012): $102,645

Current Debt (32 months later): $85,308

My debt has decreased by an overall reduction of $17,337 in 32 months. I’m now at 16.89% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $61,342 $61,770 (An overall increase of $5,893 in 32 months)

Private Student Loans $24,715 $23,538 (An overall decrease of $17,553 in 32 months)

  • StudentLoan#2: $7,949 $7,045 (an overall decrease of $5,327 in 32 months)
  • StudentLoan#3: $16,766 $16,493 (an overall decrease of $1,766 in 32 months)
  • StudentLoan#1: $0  Paid in Full
    • Original Balance: $6,300
    • Capitalized Interest: $1,663
    • Paid Since Start of Blog: $8,119; Amount Towards Interest: $918
    • Total Amount Paid (full life of loan): $9,415
    • Total Towards Interest (full life of loan): $2,890
  • StudentLoan#4: $0  Paid in Full
    • Original Balance: $6,288 (-$3,288 School Refund…they took out too much)
    • Capitalized Interest: $802
    • Paid Since Start of Blog: $4,645; Amount Towards Interest: $918
    • Total Amount Paid (full life of loan): $5,933
    • Total Towards Interest (full life of loan): $2,504
Advertisements

2 thoughts on “Long-awaited Progress Update

  1. Hey Kasey,

    Way to chisel down the debt. Don’t grow weary!
    Keep it up. So many people are struggling with their own debts, and your story is and will be an inspiration!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s