Student Loan Payoff

I am sending off a check to payoff one of my student loans today. It is the smaller of the two loans, but what a great feeling this is! Now I can double up on payments until the other one is done too.

I decided to pay the darn thing off since it seems almost half of each monthly payment is going to interest. Sure, the payments are small and thus the interest accrued each month is also small, but I just hate throwing money away and that is what paying interest feels like to me.

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