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Federal tax refund arrived!

March 13th, 2013 at 08:39 am

Wow, they said it would process on the 13th, but I assumed it would take a day or two to hit the account! I immediately set up a $4000 payment to the student loan. That should hit tomorrow night. With that, and the regular extra payment I sent off yesterday, the 6.8% portion of this loan is going to be down to a couple grand. I can't believe all the extra money that has appeared in such a short span of time!

Tomorrow will mark 6 weeks since I sent that $1100 Direct Loan payment right as they were transferring NT's loan to Sallie Mae. I have no idea who will be able to help me, but if the money doesn't appear by tomorrow morning, I'll start making phone calls.

Guess I should send off the tax returns we owe on now ... the non-fun part of the process. Wink

3 Responses to “Federal tax refund arrived!”

  1. twest Says:

    Awesome! You guys are killing your debt. Way to go!

  2. creditcardfree Says:

    Nice!! Was that loan payment electronic or a check? If a check could you cancel it? If electronic can your bank give any advice or assistance? Good luck on that one, it seems you have given them plenty of time to get it together!

  3. snafu Says:

    WOW! you've made phenomenal progress on NT's student loans while cash flowing current costs. I hope you're tracking cost avoidance...sums saved that would have gone to interest had you not made these choices. How many semesters until NT graduates?

    With all we hear about the European economy, do you feel confident of obtaining well paying jobs for the 3 of you once you move to UK?

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