Last week wasn't just Holy Week around here. That was, of course, the most exciting thing going on, but for our family we had the personal excitement of paying off my husband's student loans.
My husband and I were relatively lucky in the education department. Due to a lot of scholarships, we both made it through college with no debt and I went through two master's degrees without any. However, we incurred a fair amount of loans when he went to law school, even with a scholarship, especially after I quit work to stay home with our first child.
When one is going to school, it is hard to understand just how long paying off those loans is actually going to take, assuming one finds a job that will pay enough. Recently there have been a lot of articles in the news about the growing problems of students coming out of school with mountains of debt and no way to pay it off.
Fortunately, we've never been in that situation, but the debt has loomed over our heads for many years now. A couple of years ago, we started thinking about paying it down faster and ridding ourselves of that lingering outflow of cash. We started putting extra little bits towards it and sending any tax refunds, etc. at it. And now it is gone. Hooray! It's like a weight has been lifted.
5 years ago