In the interest of motivation and obtaining a realistic view, I used this site to calculate how early I'll pay off my student loans.
I'm utilizing Dave Ramsey's Snowball Method, where I focus on the smallest loan first. I pay the minimum on all others except the lowest balance. Then once that loan is paid off, I still pay that loan's monthly fee but put it toward the second smallest one. It's perfect to keep you motivated because the little victories help you feel accomplished.
My contracted end date is December 2024. With just the Snowball Method, I should finish in December 2022. That's 2 years early! Impressive, but I'll be able to pay it off even sooner by saving and using extra income. My ultimate goal is to pay it off in 5 years or less, chiefly to save money but also to avoid having to raise a family while being in debt.
We'll see how that turns out!
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