Another Student Loan Repayment Adjustment

I was able to request an adjustment to my student loan repayment schedule.

Based on my W2 from 2013, I was actually making so little money that based on an Income Based Repayment Plan courtesy of President Obama, I could actually just pay nothing every month and meet federal requirements.

But since I want to still eliminate this debt ASAP, I am going to keep making payments at scale, and try and wipe it out.

The idea behind my method is this: each loan has an attached payment. If I pay off a loan, the payment will disappear, and I'll be able to pay off other loans.

Since my income this year is much bigger than last year, and last year was much bigger than 2013, I will eventually have payments again, and when I do I want the minimums to be low. Just paying extra on them now won't reduce my payments, so removal of the loans by paying them off will be the real way to cut my monthly expenditure on student loans.

Luckily, I have a few low balance loans amounting to well over 10k, so I can do this for several months before I start getting to higher balances to pay.

I originally published this as a post on Bubblews, as seen here: http://www.bubblews.com/news/9763123-another-student-loan-repayment-adjustment