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|
|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.