Consolidation Woes

I've moved 3 times during my six month grace period. This is not good for my already disorganized paper situation. So when I found the letter from my student loan guarantor the other day, I had a mixed reaction.

At least I found some documentation of all this money I owe...but repayment starts at the end of this month. Yikes! I haven't even looked at consolidating those suckers yet.

I spent a little time on consolidationstation.org (wich is provided by TG, my guarantor - they've been great so far) and learned that the federal Stafford loans that I took out before July 1, 2006 are variable interest rate loans and they're going up as soon as my repayment period begins. Consolidating before then locks in my current rate. So, I better do that, right?

A little more searching - I'm supposed to talk to my lender 6 weeks in advance! Ooops! I better go get on that. I think I need some coffee for this.

None of this will matter too much in the long run, since I'm going to have them paid off this year, using the Brand Build Blast marketing system. No worries :)

~Kristy

A Little About Me...

I'm 26 years old, and I've been in school as long as I can remember. Everyone says go to school and work hard so you can get into another school, and eventually you'll get a good job and make a lot of money. So I did.
I liked school, so I kept going. High School was easy, and college was great, so I decided to go to grad school. Why not? If I just get a Ph.D, then I'll be sure to make enough money.

The promises just don't seem to hold up anymore. The longer I spent in grad school, the more I started to realize that people with a Ph.D in clinical psychology don't make that much money!
On top of that, it was going to end up costing me upwards of $100,000 in student loans to get the degree. I wouldn't even make that much my first year working!

I knew there was something better out there.
This month, I graduate with a master's degree, and I'm striking out on my own. I plan to pay off my $50,000 in loans by the end of the year - by working from home.
By the way, I am also recently engaged. So besides paying off my student loan debt (and my future husband's!), I'm saving for a wedding and honeymoon.

I have a few ideas...and am open to suggestions!
check out www.DebtFreeinSixMonths.com for a blueprint of my action plan, and stay tuned for updates on my progress.

~Kristy

Welcome to the Loan Buzz!

Thanks for visiting my blog!

Keep reading (or subscribe to my feed!) to learn more about me in the next few posts.

I'll be documenting the student loan repayment process and discussing my plan to pay them off in 6 months. I want to help others pay off their loans before their grace periods expire - don't pay one penny more than you have to!

I also love pets, music, and coffee, so you can expect updates on those parts of my life too :)

Happy reading, and please let me know what you think by leaving a comment!

~Kristy