No preamble. To the numbers…
| Account | Debt | Min. Payment | Interest Rate |
| Private Student Loan 1 | $0.00 | $110.46 | 0.000% |
| Private Student Loan 3 | -$9,646.94 | $153.82 | 6.640% |
| Private Student Loan 4 | -$9,782.78 | $245.40 | 3.750% |
| Private Student Loan 2 | -$7,174.85 | $93.30 | 5.140% |
| Federal Student Loan 1 | -$21,440.37 | $0.00 | 6.800% |
| Federal Student Loan 2 | -$13,946.84 | $0.00 | 5.310% |
| Federal Student Loan 3 | -$11,184.47 | $0.00 | 6.800% |
| Federal Student Loan 4 | -$7,748.09 | $0.00 | 4.450% |
| Federal Student Loan 5 | -$5,561.12 | $0.00 | 4.450% |
| Federal Student Loan 6 | -$3,147.30 | $0.00 | 5.600% |
| Federal Student Loan 7 | -$2,863.10 | $0.00 | 4.660% |
| Federal Student Loan 8 | -$2,457.12 | $0.00 | 6.800% |
| Federal Student Loan 9 | -$2,307.18 | $0.00 | 6.800% |
| Federal Student Loan 10 | -$2,003.02 | $0.00 | 5.600% |
| Federal Student Loan 11 | -$1,639.01 | $0.00 | 6.800% |
| Federal Student Loan 12 | -$1,144.25 | $0.00 | 5.600% |
| University Student Loan 1 | -$4,038.50 | $60.41 | 8.000% |
| University Student Loan 2 | -$3,133.02 | $42.43 | 5.000% |
| University Student Loan 3 | -$594.42 | $30.00 | 8.000% |
| University Student Loan 4 | -$397.68 | $30.00 | 8.000% |
| Total | -$110,210.06 | $765.82 |
January 2021 – Student Loan Balance(s): -$111,621.55
February 2021 – Student Loan Balance(s): -$110,210.06
Total Payments: $1,577.31
Net Difference: $1,411.49
Not bad. It feels good to be making real progress again. (A not insignificant amount of which I owe to the continued interest rate and payment abatement on federal student loans). Obviously, recent events have changed some things for me financially. While it’s going to take a couple of weeks for all the unplanned moving costs to shake out, it is my expectation that February will still see a bump in my student loan payment.
Student Loan Target Update
With my “debt snowball-avalance-made-up-ish-but-focused” I am currently targeting Private Student Loan 3 (PSL3). I began targeting PSL 3 in December 2020, after a pause in aggressive debt repayment to establish a three month emergency fund.
January 2021 – PSL3 Balance: -$10,666.59
February 2021 – PSL3 Balance: -$9,646.94
A net difference or more than a thousand dollars. Not bad at all. It felt really good to see this balance drop below $10,000.00. At the beginning of the year I set a goal to have this paid off in June. At the time, I had no idea how I would accomplish that goal; for the moment, it’s still seems possible.
Ms. Afro Penny 
That is a nice chunk of debt gone – congratulations! And I love the debt free countdown. Maybe it’s been there for a while and I just missed it. Less than five years is a blink of an eye!
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It went up around the start of the new year when I was creating my 2021 goals. Visuals help me with goals.
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Yayy congrats on getting down to the 4 digits! I’m really glad you took some time off to get your emergency fund established.
I’m sure it was a relief having it there when your apartment flooded, knowing you have some money saved up.
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Yea, it was. I didn’t feel…stuck. 🙂
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Hey, awesome! And I agree about the emergency fund. I’m glad you did that (not just because of the apartment flood). But also, it must feel really good to make another big loan payment. All the private loans are under $10K now! Somehow that seems more approachable.
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Thanks, C! And yea, I love seeing each of the lows reaching new milestone “lows.” Debt really is psychological because those little milestones give me continued motivation.
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