Well, I knew it was coming, and it had to happen, but today I got the email letting me know that my first student loan repayment is due at the beginning of next month. So, for the next 5 years, I’ve got that to look forward to. Unless, I can somehow manage to pay it all back early.
I don’t have a lot to complain about, when you break it all down, I didn’t borrow that much money and the interest rate is reasonable. I managed to get my associate’s degree at the community college for less than half of what I paid for my car.
Of course, I’m only 8 months away from adding my wife’s student loan payments to that monthly mix. Essentially, between the two of us, we’ll be adding another car payment to our monthly bills every month.
The good news, you don’t need to have full coverage student loan insurance.