It’s a number that is my student loan, ouch! So now in addition to living life like everyone else and paying those monthly bills we all run up I also have to take care of this challenge. How do I do that? Monetize this post, ask for donations, sell things. I think I can do that, why am I not depressed and wont go off and commit suicide? I will get out of this and I am confident God will help me overcome this challenge. Sure some people believe the adage God helps those who helps themselves but God will also defy those sayings (especially if we pray and ask him to) and do things quite contrary to what we believe.

I’m going to keep adding content and with your help through various ideas pay down the student loan until there is nothing left. You know I didn’t even know what compounding interest was until years later after the challenge bar get getting higher and higher.

This is the reason I monetize this website and my goal is to get out of debt as fast as I can. I strongly believe I’m going to get out and the only way I can prove it is my actions, let’s do it! $72,341.11, help! Amen.

If you’d like to help you can donate here: PayPal Student Loan Pool

I logged into my great lakes account this morning where my student loan is and I read this: 72341 Balance

You can schedule payments up to 30 days ahead, excluding weekends and holidays. You must submit your payment by 5:00 p.m. Central on a business day for it to be applied the same day.

Select the accounts you wish to pay, then provide a payment amount and date. You can also review or cancel payments you’ve scheduled or manage your payment information.

FUTURE PAYMENT DUE

Consolidation LoansU.S. DEPARTMENT OF EDUCATION (777581)

Balance

$72,341.11

Scheduled Monthly Payment

$387.94

Due on

12/14/2020

Make a Payment

Payment Type

Pay amount

Pay on

You are paid ahead

Amount Paid Ahead: $6,750.08
Next Required Payment: 12/14/2020

TOTAL PAYMENT: $200.00
(from 1 of 1 accounts)

Are You Paying Extra?

Once your scheduled monthly payment and all outstanding interest has been paid, we automatically apply any excess payment amounts to the loan with the highest interest rate, thus costing you less interest over time. Or, you can choose how to apply any excess amount.

Consider Your Options

Standard Allocation

(Most common)

Once scheduled monthly payment and all outstanding interest has been paid, excess will be applied to the loan with the highest interest rate, thus costing you less interest over time. ^{*read footnote}
Done automatically.

Custom Allocation

(Least common)

Once scheduled monthly payment has been paid, excess will be applied to the specific loans of your choosing.
You set manually.

*return If you’re in school, grace, or deferment, it will be applied to all outstanding accrued interest and then to the unsubsidized loan with the highest interest rate.

I’d like to review and allocate my excess payment while scheduling my payment.

Now this is what I did:

Payment Confirmation

Success!
You submitted your payment for processing. Please allow 2-3 business days for payments to display in your account details. We sent a summary to your Message Center. Payment Confirmation Number: CV42Q748DJ

TOTAL PAYMENT: $200.00
(from 1 of 1 accounts)

Consolidation Loans
U.S. DEPARTMENT OF EDUCATION (777581)
$72,341.11 Balance

Pay on: 05/21/2019
Amount: $200.00

Pay from your checking account: bus ******XXXX

Remember:

You’ll receive credit on your account as of the payment date listed.Please allow 2-3 business days for payments to display in your account details and appear in your checking or savings account. Learn more about how we apply your payments.
We will not be responsible for overdraft fees if you do not have sufficient funds in your account. If the first withdrawal attempt fails, we’ll try one more time.
Enroll in Auto Pay to have your monthly payments made automatically from your checking or savings account. You’ll receive a 0.25% interest rate reduction on your loans held by the U.S. Department of Education on your loans in repayment, while your scheduled payments are being processed through Auto Pay.
Contact us if you have questions about your payment.

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What does $72,341.11 mean?

Are You Paying Extra?

Consider Your Options

Standard Allocation

Custom Allocation

Payment Confirmation

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