[-$63,299] Falling Off the Track

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