Somara and I pulled it off in less than 12 years via a 20-year refinancing plan! We no longer have to pony up anymore money to Navient (who took over for Sallie Mae), and we were lucky not to be caught in their legal woes I’ve read about. This was also the biggest loan in the batch. I think the other three which were smaller had shorter terms too, like five and/or ten years to complete. They were knocked off with two, three and four years respectively. We were ver lucky too. Sallie Mae put the loan into a variable rate. When we started, it was eight percent and then for reasons I have no idea about, it plummeted to under three for years. I’m glad we hit the home stretch because the current rate is now over four percent.
Matters are looking up for the Maggi Republic. No more car payments and no more student loans. All we have remaining are the house (which will be forever), the only credit card we use (it will be diving soon) and the latest timeshare deed we bought last Spring.
Suck it Trump voters! Go back to yelling at Faux News about your miserable lives. This so-called tax-and-spend, Keynesian Librul is a better financial manager than your camp.
Way to go!