Research.

Its been awhile since I posted anything. Things have been calm here for now. So that is good. But I"m gearing up to the next big thing I have to deal with. Sally Mae and the income based application. :( I'm not really looking forward to that but it has to be done and than some. I need to start paying on those loans and a payment I can afford. I feel that this is going to take some time get get somewhere where we can all agree one for now.

This morning I"m doing a little research on other ways to pay off these loans. After all just because you make an arrangement with the dreaded loan people does not mean you can not pay more if you can.

Here is a good article I found. http://www.clearpointcreditcounselingsolutions.org/best-way-to-pay-off-student-loans/. 

For example I started to pay my house payment weekly. Much the upset of PHFA.  :) But at the time when I started to do this I had to figure out how to get my loan payments into them with out end up spending them on something else we had to do. So I broke down my payments into weekly amounts and just have them sent off to the mortgage company. They keep the payments until it adds up to a monthly payment and then post it to my account. For awhile I was a week or two behind. But I knew sooner or later I would catch that time up. I just had to put up with the calls and let them know when to expect the next full payment in a week or two. They would document it and then we was good for another month. But what happen is that the calls suddenly quit. And it seems I have finally caught up on my payments! Oh joy its nice not getting that call finally and not seeing the past payments on my bills each month. :) So now as with a biweekly payment I hope to have a few extra payments and pay my house off sooner. In time we will see this result. I have not yet sat down and figured out the how long it will end up taking. Another time for that. I'm just happen to have things caught up again.

So on to this student loan. I want to put the same kind of thing into practice. But with a twist and this is what I"m on the hunt to find out. Can I pay off one loan at a time when I have several that are clumped together?? The thought keeps going though my head. And I want to find out if this is something that can be done.

This is what I'm talking about! Read it here. But there is still more research to do on this. According to the article this will not be easy. I'll have to stick to my guns about this and work hard. First get the initial payment plan in place then move on to the other.

I have been paying on my small loans first on time with monthly payments. So I'm going to start with those then move on to the government loans. Its a challenge. I kind of like it. lol.