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My Student Loan Story Ends Tomorrow

Valued Member

My Student Loan Story Ends Tomorrow

I graduated from law school in May 2006 with about $86,000 in student loans.  My wife graduated the same year from nursing school with $18,000 in student loans.  Hers have been paid off for about a year and we took that payment and applied it to mine.  We also paid off $13,000 in credit cards and two cars.

 

Tomorrow, I make the final payment on the last of our non-mortgage debt, which is the final $3,250 of my student loans.  

 

I've drawn a lot of good advice from these boards and I hope all of you have similar success in ridding yourselves of student loan debt.  The most common question I have seen around here is whether paying student loans helps your credit score.  The very common and true reply is that it does not make a substantial impact on your credit score like paying other debt might.  Despite that, I would encourage anyone who can to pay extra on their student loans.  

 

I believe that if you are reading this message, you already have decided to gather information on the financial impact of student loans.  Making the decision to be proactive about them really is the first step to paying them off.  I wish you all good luck in that endeavor.

Starting Scores: TU-666 on 10/29/11. EQ-701 on 12/29/11
Current Scores: TU-753 on 7/27/13. EQ-761 on 11/1/13
10 REPLIES
New Contributor

Re: My Student Loan Story Ends Tomorrow

Congratulations!

 

12/29/13 - EQ 580 EX 540 TU 578 (Here we go again!)
04/10/08 - EQ 618 EX 612 TU 633
10/23/07 - EQ 559 EX 611 TU 544
08/24/07 - EQ 490 EX 485 TU 502
Regular Contributor

Re: My Student Loan Story Ends Tomorrow

Fantastic news. Congrats!

Starting Scores: 667 EQ 09/2013 | 682 TU08 01/2014 | 689 EX 06/2014(via AMEX CLI)
Current Scores: 667 EQ 09/2013 | 735 TU08 12/2016 | 748 EX 12/2016

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Frequent Contributor

Re: My Student Loan Story Ends Tomorrow

Congratulations!

Valued Contributor

Re: My Student Loan Story Ends Tomorrow

Good for you, I cant wait until that day.
Regular Contributor

Re: My Student Loan Story Ends Tomorrow

That's awesome news - congratulations! Jealous because I'm getting close! Smiley Happy

Contributor

Re: My Student Loan Story Ends Tomorrow

That is awesome!  Congrats!!!  Great motivation for me, I just made a payment toward my loans today...



Starting Score: EQ FICO 673 TU FAKO 641
Current Score: EQ FICO 740, EX FICO 748, TU FICO 722 (Discover)
Goal Score: All 730+ FICOs


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Valued Member

Re: My Student Loan Story Ends Tomorrow

Congrats!

Barclay Visa Fin $1500 | Wal-Mart Discover $2000 | AmEx BCE $3000 | Target $3000 | Slate Visa $4800 | Hyatt Visa $5000

Last App: 3/16/2014 (Current FICO 740 per 4/07/14 Barclay FICO)
Senior Contributor

Re: My Student Loan Story Ends Tomorrow

Awesome!!!


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Valued Member

Re: My Student Loan Story Ends Tomorrow

Congrats!

Barclay Visa Fin $1500 | Wal-Mart Discover $2000 | AmEx BCE $3000 | Target $3000 | Slate Visa $4800 | Hyatt Visa $5000

Last App: 3/16/2014 (Current FICO 740 per 4/07/14 Barclay FICO)