January 23, 2017 Alicia Castro 0Comment


I have a bachelor’s degree in Sociology and Pre-Law from the University of California, Riverside and a master degree in Public Administration from the University of La Verne.  I borrowed a total of $42,125.  Unfortunately, I was unemployed for a year and my debt increased to $48k. That’s when I realize I needed a plan to pay it off quickly.  Despite feeling the pressure of being unemployed, I changed my job search skills and started doing more research how to get hired in the federal system.  I submitted my first payment in November 2014 after getting hired as an HR Assistant at the Department of Veterans Affairs in Los Angeles.  Two years later, I now work for NASA and live in a 2 bedroom apartment.  I decided to rent my 2nd bedroom for seven months to help pay off my school loans.  As of today, I have $18,422.  It’s been a difficult journey to live frugally.  Below is an update of my school loans:

Progress – January 22, 2017 

School  Loan Type Borrowed: Interest Rate Update Status
Undegraduate  Subsidized Stafford  $2,625 6.55% 0
 Subsidized Stafford  $4,500 6.55%  $1,808.32
 Subsidized Stafford  $5,500 5.75% $5,185.08
 Subsidized Stafford  $2,000 5.35% 0
 Subsidized Stafford  $8,500 6.65%  $7,302.37
Graduate School Direct Unsubsidized Stafford $5,000 6.65% 0
Direct Unsubsidized Stafford $10,000 6.65% 0
Direct Unsubsidized Stafford $4,000 5.16% $4,158.12

I’m really excited to see if I can keep up with my plan.




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