Paying off a student loan – update #4

Today we paid off the last remnants of student loan #2 by making the final payment to the transferred balance on the Citi Simplicity card thus completing one of our last remaining financial goals for 2006.

As you might recall, back in February, we utilized a promotional no-fee 0% balance transfer offer on the Simplicity card to facilitate the paying down of the balance throughout 2006. Each month we’ve been quietly making the necessary payments in order to remove the debt and now we are left with one less liability to worry about.


For those interested, here were the steps we took to pay off the loan in a year’s time. We are currently using a similar approach to eliminate the second mortgage next year.

• Paying off a student loan – update #3
• Using rebates to pay down student loan – update #2
• Using rebates to pay down student loan – update #1
• Using rebates to pay down student loan
• Attacking student loan #2