Today, a good portion of our savings will be used to pay off my side of our student loans. It is an odd, strange, exciting, frustrating feeling. To start with, I thought it was going to take much longer, but God has provided. My 10 year loans were paid in 4-5 years. However, it is weird that our false sense of having money is now gone. Even though we were in debt, we usually did not function that way. We saw the savings account and thought we were doing ok. So, now that it is significantly lower, it has been a reality check time. Therefore, this time of excitement that we should be having is instead replaced with a shock to our systems. Sure, it is a good feeling to be halfway done, but we are not yet able to reap the full benefits just yet. Now, the money that was going to pay my loans have been transferred over to pay more on Yvette’s.
Friends who have been through Dave Ramsey’s “Financial Peace University” say this is a good thing, and I know it is, but it is still tough. Believe me when I say that I am understanding the Proverb that says the borrower is a slave to the lender. Not that we are physically slaves, but it is not fun to have debt hanging over your head all the time. Thanks to an amazing God, though, who has blessed us enough to begin getting out from under that cloud.
I hope and pray that Part 2 of this blog post will not be far behind, when at that time, we can truly rejoice as we are completely debt free…
One thought on “Student Loan Debt – Part 1 of 2”
I like that whole year of jubilee thing and feel it should apply to student loans. Ya think I could get anybody in congress to introduce that bill?