I borrowed 68k in August of 2007, started repayment in December of 2009, and will make my final payment in December of 2016. How much will I have paid in those approximate 7 years you ask? $113k. Yep. That’s 45k more than I borrowed. The scary part is, so many graduates are in the same boat I am, but they do not do the math to figure out the numbers of how upside down they are. They simply pay their minimums each month for years on end without actually seeing just how much they are paying the lender. I know 45k is bad, but trust me, there are friends in my circle alone who are already at that total with 15+ years to go.
I am at peace with my numbers. I will never do something like that EVER again, but I am finally at peace with it. If you have followed me from the start of this blog in 2010, you know that peace was not something I had; I had hate, envy, bitterness, and deep regret.
I am okay with the fact that I attended Belmont University. I do not have any hate towards them or myself any longer for the debt that I got into. I have forgiven myself for the mistake I made. I am done overthinking the past because there is nothing I can do about it. There is no time machine, just the breath that God has chosen to give you each morning, and for that you must be thankful and move forward with your life.
I am truly grateful that I found out about Dave Ramsey when I did in 2013. I honestly can’t remember how I stumbled upon his teachings, but I for sure know I will be forever thankful that I did.
This is not me signing off, but merely keeping you all updated. I hope you are all doing well on your paths, and as always, feel free to email me if you need any advice or want to know more about my debt payoff process. I am 100% happy to help.