Posted by: saveafewbucks | May 10, 2011

Lump-Sum Student Loan Payment #1

$2,500. In comparison to my honking student loan balance, this payment feels like a drop in the bucket. From $29,873.18 to $27,373.18. Whoopie! (note: blogged words don’t properly express sarcasm) 🙂 Despite the fact that this payment does not feel like much, it is actually putting a 8% dent in my balance. At 5.5% (prime +2.5), that’s a cool $137.50 savings per year. Momma’s gonna buy herself a new pair of shoes!!… Once the other $27k is paid… 😦

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