I just wanted to do a quick update on what has happened in August in the land of paying off student loans. Since we paid off a student loan in June, we saved up and made a $5,000 payment and with the government APLE program I am in (teaching at a low-income school) another $3,000 payment was made…such a huge blessing! So overall last month we paid over $8,500, including our monthly payments.
Just to clarify a little, we have two loans left. One is a private student loan that now totals, after our August payments, about $28,000 and then we have a federal student loan totaling about $28,000, as well. We are focusing on paying off the private student loan because the APLE program I am enrolled in and most government loan forgiveness programs only pay on federal loans. So each year that I teach I can receive more loan forgiveness on the federal loan, hence why we are focusing on the private loan. The $5,000 went to the private loan and the $3,000 went to the federal loan.
Anyway I have to say, since we moved forward with building a house, are preparing to make the down payment, and made the list of things we actually
need…kind’ve need…might be necessary… maybe we just really want to buy for the house (a refrigerator is actually necessary right?), I was certainly worried that we would slow down in paying down this debt. But I am so thankful to say that God has kept us on the right track and helped us to stay focused mostly on continuing to pay down the debt. We are using our Apple stock and a couple other investments to make our down payment and we are so grateful that the money we have from these investments almost perfectly covers what we need to make the payment. God has also sent some other jobs for Luke (poor guy…he works hard to provide for us!) that have made it possible to do the couple of things we have deemed necessary to move into our house. So we have had to use very little of our money that would go to paying down student loans for anything house related!
We are continually amazed, surprised, and ultimately grateful at what God is doing in our lives and how faithful He has been in paying off this debt, providing a house, a new job for Luke, and more importantly growing my faith and trust in Him. My heart has started to turn from a constant need to be reminded that God is faithful, to a slow steady thought process that speaks of His faithfulness. It has been a beautiful melody to my soul and a soothing salve over the anxiety, fear, and doubt that can cloud my heart. I looked forward to what He will do next in my heart and with this debt.
On a totally separate note, please let me encourage you to be a prayer warrior for yourself, your family and friends, and anyone around you. In my life I have noticed more and more lately that there are so many people around me that are struggling, hurting, and just in need of prayer. Please look for those people in your life and lift them up. My heart is so heavy seeing the illnesses, hurt, and pain of all those around me, so let’s be a community that lifts each other up in prayer to the One who can bring healing, peace, and joy.