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I just signed my life away.

Actually, I signed a master promissory note to Sallie Mae, giving me a few student loans to pay for the remainder of my degree program. I’ve been paying out of pocket for my schooling and books since I returned in January, and that was getting old fast. Keep in mind, Jim is back in school too, and with both of us going full time, plus books - well, it adds up fast. I just bought TWO books for my next session and it ran me $300. For books! And they’re not even books I’ll enjoy reading, LOL!

If not for the student loans, we would have taken a hard look at cutting costs elsewhere. We have two auto loans, so obviously that’s an area to investigate. Right now our loans are through our bank, but if I could refinance and save some cash, I’d do it in a second. The auto loans archive at CreditLoan.com has some helpful tips on how to make the most of your auto loan by doing your homework both before and after the car buying process. Checking your credit BEFORE you start shopping can prevent sticker shock, and you’ll avoid falling in love for that sports car you can’t really afford.

As for me, I’ll be paying on my student loans until 2019. Good times.

This entry was posted on Tuesday, March 25th, 2008 at 9:53 am and is filed under Hot College Coed. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “signing my life away”

  1. On March 25th, 2008 at 6:10 pm Corrin had this to say...

    Oh, I’m livin that life! $174.44 to Sallie Mae every month until 2023!

  2. On March 25th, 2008 at 6:37 pm Joy Smith had this to say...

    Be sure to keep up with your loan. I used to work for Sallie Mae. They are a pretty decent loan company. If you default on your loan for whatever reason, they’re willing to work with you. However, if you try to skip out on it… Which I doubt you will… :) They will hunt you down and automatically deduct the money from your paycheck or income tax return. pretty basic stuff for any company you borrow from.

  3. On March 26th, 2008 at 9:56 am Mr. Fabulous had this to say...

    Yeah, but Jim is only trying to finish 11th grade, right? Have crayons gotten that expensive?

  4. On March 27th, 2008 at 6:16 pm Jules had this to say...

    Yep, I owe abuot 7K to Sallie Mae still. If you get the automatic payment from your bank account every month, they give you a lower interest rate, and you never have to worry about it not being paid.

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