PinchingPennies

Saving money to pay off student loans and consumer debt

Recalculating My Student Loan Payments

Two letters arrived from my student loan company today. The first one said the company recalculated my loan payments on 6 of my 8 loans and the minimum amount each month raised a little. Using the handy calc program on my computer I found the minimum payment went up about $4 a month to $329.86. I have been paying $330 a month on the loans hitting the principle a little but now I know I am only contributing an extra $0.14 a month toward the balance of my loans.

Gotta hurry up and pay off those credit cards which are first in my debt snowball.

March 15, 2008 Posted by | Fixed Expenses, Student Loans | , , | Leave a comment