This month I start repayment on my student loans. It should be noted that whenever I type "student" I'm tempted to type "stupid," which, in this case, would be appropriate. I owe a grand total of $33,000 (in my name) to be paid in two bits, one unconsolidated (private bank, yuck) and one consolidated (federal) for twelve and twenty years respectively.
The way consolidation works, basically, is that a private company pays off all your individualized loans, lumps them all together and then you pay them back at a frozen interest rate. Huttah.
Well, my consolidation company did their job well, albeit later than expected, with the exception of four cents, which I still owe to the feds. FOUR CENTS, made payable to the U.S. Department of Education. I was almost tempted not to pay it to see if they'd take me to collections, but I thought the image of a four cent cheque was too priceless to pass up.
Seriously, though, is my postage and their processing time worth FOUR freaking CENTS???
Posted on January 08, 2006 @ 3:55 PM | 4 comments
Comments:
that's really funny.
hey who'd you consolidate with? my company is cool but they're bad with paperwork. as in, i want a hard copy record of all this shit (onlin debits) once in a while!! i have to call them for it.
By 
, at
4:33 PM, January 08, 2006
You do realize this is the US Government you're talking about. Efficiency is not their middle name.
By Louie, at
11:42 PM, January 08, 2006
Especially asstastic since the postage rate just went up to $39 cents.
By Peter, at
12:01 AM, January 09, 2006
I consolidated through NelNet, and I don't think they send statements for autopay either. I don't mind, though, I'm tired of recycling needless paper bills for things I can verify in my online bank statement. :)
Peter: I'm lucky, I don't have to pay for stamps-- Justin's work does it for me!
By 
Kat, at
9:23 AM, January 09, 2006
