I went to graduate school at University of Denver (DU) to earn my Master of Business Administration (MBA). To attend grad school, I paid some of tuition with my savings account. However, I needed to borrow some money from the government (Department of Education) about $8,500 each year. It was a Stafford Loan and Direct Sub Loan. My grad school loans were first done through Chase, then Nelnet acquired them at some point. Both loans were subsidized, meaning interest didn't accrue until 6 months after graduation. I graduated on August 12, 2011 and my interest began accruing on February 12, 2012. Since the interest rate was high at 6.55%, I decided to pay off my grad school loans. It was hard to click the submit button and see all that money go from my bank account back to the government.
What did you do today?
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