I’m going to be honest, I am having difficulty mustering the same level of vitriol for Private Student Loan 4 (PSL4) that I had for Private Student Loan 3 (PSL3). While I wouldn’t classify any student loan as “friendly,” PSL4 had the “friendliest” terms of my private student loans. I don’t know that I would still be planing to pay this loan off next if the Pennyfolk hadn’t voted to send it to the chopping block.
Minimum Payment: $245.40
Balance as of 7/4/2019 (blog start): -$13,280.33
Balance as of 8/1/2021: -$9,486.04
Current balance: -$9,103.61
There isn’t really much more to say… In terms of my motivation, I am looking down the road a bit and I am far more interested in getting my overall student loan balance to under $90,000.00 by December 31, 2021 than I am singularly interested in dispatching this loan. However, I will try to remain focused on short term goals, like earning an additional $1,000.00 of gig income this month, and know that if I do what I am supposed to do, this loan will be felled.