Friday, September 14, 2007

What To Do With 300 Extra Dollars a Month

Up until today, the greatest feeling I have had to date was the feeling of crossing the finish line after the Chicago Marathon. The feeling of accomplishment, of sheer pride, of knowing that after months and months of rigorous training the goal I had been striving towards had been accomplished, was almost too much to handle. In fact, the feeling was so overwhelming that I cried when it was finished like a big ol' baby. Then again, that's what I do. I cry...a lot.

I always said the only thing that could ever compare to the feeling I experienced on that day would be the feeling of holding my first child in my arms. Because, what else could bring about such intense emotions?! My wedding? Possibly. My first house? Maybe. Finding out I'm going to be saving $300 a month on my loan payment each month? Wait, now THAT can.

Okay, I'm being fairly dramatic, after all I am comparing a monetary issue with the production of LIFE, but then again it's been a HUGE stress on my back for the past year and a half and to have that tremendous stress lifted feels really good. Overwhelmingly good! I may cry actually!

You see, when it came time for me to apply for student loans I found that the only way I was going to get enough money to cover my costs, was to apply for Private Funding. The Federal Government had decided that my parents made too much and therefore, denied me Federal funding. Bastards. Enter, my HUGE chunk of Private Loans which at the time didn't seem like such a bad thing. Then, a year and a half ago, they came into repayment and I found myself with a 13.75% interest rate and a $680 a month loan payment. I could do nothing at the time but sit and stare at them, as consolidating a private loan is about as easy as convincing a gay man to make out with me. Mmmm. Okay bad example. But you get what I'm saying.

But then, about a month ago, Sallie Mae provided me with a rare opportunity to consolidate my Private Loans. I don't know why, but I wasn't going to ask questions and I filled out the consolidation application that day...then found a gay man to make out with. Within a few days I heard back and while I was approved, I was approved with the stipulation that I had a co-signer. They probably got word from the Federal Government that my parents make a butt load of money so now they're trying to dick me out of all they can...but i could just be paranoid.

Anyway, long story short, my parents co-signed and I just got word today that as of October 10, 2007 my loan payments will be dropping $300 and my interest rate down to 9%!!!! The excitement is bursting out of me. Yes, you heard that right, I'm excited to be paying money.

It may not compare to the marathon or my first child...but it feels damn good.


Mentle said...

Congrats! And if I was a gay man I would totally make out with you.

Christi said...

Thanks Mentle!!! I appreciate that.