I’ve made my required monthly $1,720 student loan payment and now owe $63,299. The balance looks practically unchanged to me compared to before the payment. Sigh.
However, when I get my next paycheck in a couple of weeks, very little of it will go toward debt at all instead of my target of $1000 extra. Why?
There are three things that are contributing to drastically slowing down my debt repayment, for the next few months at least. Read More
If you have a student loan and are looking to re-finance with Earnest, or already have refinanced with them, news broke today that they have just been acquired by Navient for $155 Million.
Read about it here (BizJournal), here (Wall Street Journal) , or here (Earnest Blog).
Earnest, has been a popular financial technology startup since it’s creation in 2013. Like SoFi, CommonBond, and other such lenders, Earnest uses technology and data analysis to identify lower risk borrowers in ways that were not readily available in the past. This kind of lending model is a lucrative area that Navient has been eyeing for a while. Read More
This is now the second month that I’ve paid less than my target bi-monthly payment amount. As I mentioned in this post, I have a mid-month payment that is required by my servicer, but I also have an end-of-month surplus payment that I use to pay extra on my loan. My end-of-month target payment has been $1,000. So far this year, I’ve managed to hit that target, until recently. I’ve been having a long standing battle with overspending my budgeted allowance. It’s a battle that I’ve clearly been losing. Read More
Double Debt Single Woman 