Friday, March 11, 2005


So this week I got a letter from RPI. This was kind of surprising, as I don't usually get letters from RPI (largely because they still think I live at my parents house), but when I opened it up I was happy to see that it was my original institutional promisory note for one of my student loans, which has now been paid in full.

I actually paid this off a couple of weeks ago, on a whim, since I noticed that the actual amount left was down to something like $1000, so I decided to just get it out of the way now rather than stretching the process out over the next year or so.

It's interesting how good it feels to not have that particular loan hanging over my head, and I'm having to exercise some self-restraint to avoid going out and paying off my other student loan.

Ironically, the remaining student loan has a lower interest rate than, for example, my car loan, so it actually makes sense to avoid paying it off as long as possible. That said, I have zero problem having a car loan hanging over my head, as that seems like a fairly normal thing to have, but having 13 grand left on a student loan continues to bother me for some reason.

It's almost as if until I finish paying it off I won't really be done with school or something. It's totally irrational, but it keeps bugging me just the same. Strange.


  1. i understand completely... i remember how good it felt to pay off my (compartively) small $4K loan and get the promisory note back. if only paying off the remaining $26K were so easy. :-P

  2. I was so excited to send in my last car payment on the Shadow. Something was finally ALL MINE! But it was wierd not having a car payment, so I bought a new one. :) Student loans are in deferment at the moment, but I'm trying to pay as much interest as I can afford because the tax deduction is pretty sweet. If all debt interest was tax deductible, I'd get such awesome refunds...

  3. Debt: "How To Get Out Of Debt By: John Mussi "
    Debt: "Eliminating Credit Card Debt By: Alan Barnes "
    Debt: "We all know about debt. If you don't have too much as an individual you can increase the quality of your life,"

  4. Advice: Even though the remaining student loan has a lower interest rate than your car loan, it DOESN'T make sense to avoid paying it off as long as possible. All interest is bad. If you can afford to pay off any debt do it. You'll be richer before you know it! Hopefully it's been paid since this post.