Big news: Student loan paid off!

In March earlier this year we wrote about how we were consolidating a couple of student loans into one single Earnest loan at 3.25%.

The Earnest loan began on Mar 21st at $15,824.50 by paying off the Navient and Discover loans.

On Aug 13th we paid off the remaining principal of $7,248.22 and the interest accrued since the last payment of $7.10, to pay a wholesome amount of $7,255.32.

In less than 6 months we’ve paid it off! We paid $180.82 in interest in that period.

earnest_paidoff

Our remaining liabilities are the car loan and mortgage. At 0.9% standing at less than $14.5k we’re in no hurry to payoff the car loan. Mortgage is the next beast we intend to slaughter. At ~$217k, we anticipate to slay this in …wait for it …..4 years!

2 thoughts on “Big news: Student loan paid off!

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