Nicole (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
trickykitty) wrote2009-07-30 05:20 pm
trickykitty) wrote2009-07-30 05:20 pm
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Need to get this paid off
It's disheartening when I get a summary of one of my school loans.
Totals paid on loan since entering repayment:
Total interest paid $706.86
Total principal paid: $1274.57
More than 1/3 is going towards interest, and I have a damned good interest rate.
Granted most of that was from when I still paid on interest (rather than having the interest capitalized on) while the principal payments were deferred because I was still in college.
Still, the ratio is a bit ridiculous.
Totals paid on loan since entering repayment:
Total interest paid $706.86
Total principal paid: $1274.57
More than 1/3 is going towards interest, and I have a damned good interest rate.
Granted most of that was from when I still paid on interest (rather than having the interest capitalized on) while the principal payments were deferred because I was still in college.
Still, the ratio is a bit ridiculous.