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

30 Month Progress Update

PROGRESS UPDATE

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

Current Debt (30 months later): $86,057

My debt has decreased by an overall reduction of $16,588 in 30 months. I’m now at 16.16% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $61,042 $61,342 (An overall increase of $5,465 in 30 months)

Private Student Loans $25,180 $24,715 (An overall decrease of $16,376 in 30 months)

  • StudentLoan#2: $8,176 $7,949 (an overall decrease of $4,423 in 30 months)
  • StudentLoan#3: $17,005 $16,766 (an overall decrease of $1,493 in 30 months)
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

29 Month Progress Update

PROGRESS UPDATE

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

Current Debt (29 months later): $86,222 

My debt has decreased by an overall reduction of $16,423 in 29 months. I’m now at 15.99% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $60,606 $61,042 (An overall increase of $5,165 in 29 months)

Private Student Loans $26,028 $25,180 (An overall decrease of $15,911 in 29 months)

  • StudentLoan#2: $9,057  $8, 176 (an overall decrease of $4,196 in 29 months)
  • StudentLoan#3: $16,971 $17,005 (an overall decrease of $1,254 in 29 months)
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

Been a while.  Been a crazy year so far.  I’ve had a lot of health issues.  Constant health issues.  I’m working on addressing those issues and getting healthy again, getting back on track with my debt pay off.  This year will definitely be a memorable one.  Lots of changes happening.  I also turn 30 in June and celebrate 20 years of being cancer free!  Can’t wait to celebrate!

27 Month Progress Update

PROGRESS UPDATE

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

Current Debt (27 months later): $86,634

My debt has decreased by an overall reduction of $16,011 in 27 months. I’m now at 15.6% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,923 $60,606 (An overall increase of $4,729 in 27 months)

Private Student Loans $27,039 $26,028 (An overall decrease of $15,063 in 27 months)

  • StudentLoan#2: $10,016 $9,057 (an overall decrease of $3,315 in 27 months)
  • StudentLoan#3: $17,023 $16,971 (an overall decrease of $1,288 in 27 months
  • StudentLoan#1: $0 
  • StudentLoan#4: $0

I’ve been slacking so far this year.  My mom came to visit for a month and I had a wonderful time.  After she left, I hit a major depression.  I haven’t worked much, haven’t been volunteering, and don’t have motivation to do much these days, especially after recently suffering from sudden hearing loss.  I’m now on two weeks of high-dose prednisone and am not a fan of the side effects at all.  I don’t know what I’m doing and I’m not myself these days.  Bear with me as I get back on track.

UPDATED Progress

Navient was able to switch how my payments were supposed to be allocated.  Here’s an update about where my student loans stand (plus a weeks worth of interest).

DEBT BREAKDOWN

Federal Student Loans:  $59,946

Private Student Loans: $29,064 

  • StudentLoan#1: $1,609
  • StudentLoan#2: $10,455
  • StudentLoan#3: $17,000

2 YEARS! Progress Update

Debt Perception has been around for two years! Happy blogiversary to me! Let’s take a look at how I’ve done financially in the past two years!

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

Current Debt (24 months later): $88,967 

My debt has decreased by $999 since last month. An overall reduction of $13,678 in 24 months. I’m now at 13.32% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,690 $59,923 (up $233 since last month, an overall $4,023 increase over 24 months)

Private Student Loans $30,726 $29,044 (down $1,682 since last month, an overall decrease of $12,027 in 24 months)

  • StudentLoan#1: $2,842 $2,790 (down $52 since last month, an overall decrease of $4,370 in the past 24 months)
  • StudentLoan#2: $10,446 $9,273 (down $1,173 since last month, an overall decrease of $1,917 in 24 months)
  • StudentLoan#3: $16,987 $16,981 (down $6 since last month, an overall decrease of $1,259 in 24 months)
  • StudentLoan#4: $0 (Gone, baby, gone!)

usedtoowe

If you saw my previous post, Navient messed up my last payment allocation. I had planned on over $1,000 going towards my smallest loan, with the hopes of paying it off in January. They had applied my payment to StudentLoan#2 instead. I perused Navient’s Facebook page and found somewhere that I could complain to. They had called me while I was busy at work all day and I don’t answer numbers I don’t recognize, so I didn’t get the message until about 7pm. I guess they could have fixed the payment to be applied as intended but I had to call back by 5pm. I’m sure it was too late to fix it as they aren’t open on the weekend. Oh well!  It was still applied towards my loans and I’m a little bit closer towards the principal balance on StudentLoan#2.

I’m going to start taking screen captures of my allocations and monitor my Navient account after submitting payments to make sure they apply it accordingly!

22 Month Progress Update

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

Current Debt (22 months later): $90,753

My debt has decreased by $1,203 since last month.  An overall reduction of $11,892 in 22 months.  I’m now at 11.58% of my debt payoff goal.

DEBT BREAKDOWN

Federal Student Loans $59,225 $59,473 (up $248 since last month, an overall $3,573 increase over 22 months)

Private Student Loans $32,731 $31,280 (down $1,451 since last month, an overall decrease of $9,341 in 22 months)

  • StudentLoan#1: $3,061  $3,059 (down $2 since last month, an overall decrease of $4,101 in the past 22 months)
  • StudentLoan#2: $10,549 $10,553 (up $4 since last month, an overall decrease of $637 in 22 months)
  • StudentLoan#3: $17,149 $17,156 (up $7 since last month, an overall decrease of $1,084 in 22 months)
  • StudentLoan#4: $1,973 $513 (down $1,460 since last month, an overall decrease of $3,508 in 22 months)

StudentLoan#4 will likely be paid off next month AND I’m hoping to drop out of the 90k range!

My student loans have been switched over to Navient, Sallie Mae’s alter-ego.  It’s about time to reapply for Income Based Repayment but was waiting for the Navient switch-over.

The past two months or so have been rough.  I sleep horribly, and not much.  It’s definitely taking a toll.  I took a week off from work to try to figure out the whole non-sleep thing.  I thought maybe I needed to get out and do things, get some sun, so I explored my area for the first time since moving here 3 years ago.  It didn’t really help.  If two weeks of eating healthy and exercise don’t fix this for me, I need to see a specialist.