The countdown to under $100,000.00 in student loans has officially begun. Hmmm, rereading that seems super sad…whatever. To the numbers!
| Account | Debt | Debt (7/1/19) | Min. Payment |
| Private Student Loan 1 | $0.00 | -$10,231.32 | $110.46 |
| Private Student Loan 3 | -$2,466.86 | -$12,580.49 | $153.82 |
| Private Student Loan 4 | -$9,518.53 | -$13,280.33 | $245.40 |
| Private Student Loan 2 | -$6,918.38 | -$8,271.15 | $93.30 |
| Federal Student Loan 1 | -$21,440.37 | -$20,583.34 | $0.00 |
| Federal Student Loan 2 | -$13,946.84 | -$13,457.55 | $0.00 |
| Federal Student Loan 3 | -$11,184.47 | -$10,737.40 | $0.00 |
| Federal Student Loan 4 | -$7,748.09 | -$7,518.58 | $0.00 |
| Federal Student Loan 5 | -$5,561.12 | -$5,520.10 | $0.00 |
| Federal Student Loan 6 | -$3,147.30 | -$2,849.21 | $0.00 |
| Federal Student Loan 7 | -$2,863.10 | -$2,649.80 | $0.00 |
| Federal Student Loan 8 | -$2,457.12 | -$2,538.91 | $0.00 |
| Federal Student Loan 9 | -$2,307.18 | -$2,047.30 | $0.00 |
| Federal Student Loan 10 | -$2,003.02 | -$1,813.31 | $0.00 |
| Federal Student Loan 11 | -$1,639.01 | -$1,573.49 | $0.00 |
| Federal Student Loan 12 | -$1,144.25 | -$1,035.88 | $0.00 |
| University Student Loan 1 | -$3,795.02 | -$4,581.00 | $60.41 |
| University Student Loan 2 | -$3,090.59 | -$3,629.38 | $0.00 |
| University Student Loan 3 | -$474.47 | -$1,031.21 | $30.00 |
| University Student Loan 4 | -$277.88 | -$857.81 | $30.00 |
| Personal Student Loan | $0.00 | -$1,875.70 | $312.62 |
| Total | -$101,983.60 | -$128,663.26 | $1,036.01 |
May 2021 – Student Loan Balance(s): -$104,040.67
June 2021 – Student Loan Balance(s): -$101,983.60
Total Payments: $2,157.31
Net Difference: $2,057.07
Not bad! Only $100.24 went to interest this month! Most of that has to do with the continuing low interest rates and the federal student loan interest and payment forbearance; and, a tiny amount has to do with my shrinking balances on loans with more egregious interest rates like Private Student Loan 3.
However, the bigger story is that I am now less than $2,000.00 away from being under $100,000.00 in student loan debt. At the moment, this is bittersweet. As I shared in my June 2021 Budget Update, I spent all of May traipsing along the eastern seaboard with my best friend. While this was a blast and something I mostly don’t regret, it’s hard not to acknowledge that the $2,426.22 in unplanned spending in May is considerably more than the $1,983.60 in additional student loan payments I could have made today to bring me under $100,000.00 in student loan debt. Ugh. That hurts. For this reason, my under $100,000.00 in student loan debt dance will have to wait until July at the earliest. (Note: As I was writing this, I realized I actually had saved more for my May trip, but that the non-emergency savings had gotten reallocated as deposits for my new houseshare).
Alright, I wanted to get this one posted before I became consumed with moving over the next few days. While this isn’t as gleeful as an update as it could have been, I still feel like I am moving in the right direction and that June will find me back on track to meeting my financial goals for the year.
Ms. Afro Penny 
I’m so happy to see you so close to $100K! I…realize that is kind of bittersweet, but still, given the situation you were in, it’s still a big deal. You are making real progress, and still managing to actually live your life.
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Awe, thanks so much C. I think I was most sad that me getting under $100,000.00 would no longer coincide with my two year blogging anniversary. I even thought about potentially pulling the cash out of my emergency fund but decided against it. One the things this journey has taught me is the benefit of delayed gratification and that will serve me well past paying off this debt. Thank you so much for your positivity as always.
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Yay excited for you to get under $100k! And don’t be so hard on yourself. You’ve worked hard juggling work and studying for med school this year, you deserve this vacation! Plus, what is a 1 month delay in the long term going to change? I think the recharge and memories you got from your travel is well worth it.
And let’s not undermine the fact that you STILL made over $2k contribution to your student loans this month! Go AP! 🥳
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❤ You're the best. Thanks so much Avery. If everything happens as it ought, I should be under $100K in July *crosses fingers*
You're right. You don't get that time back and I miss my bestie like crazy. So glad I had the time with her I did.
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