(Snippets from the frontline)
Paying off my medical school loan
It took only 37 years.
Why did it take so long? Partly because of the principal, but mostly by choice. Yes, I consolidated several loans, lowering the interest and the premium. Yet the monthly amount was less than a meal for two at a nice restaurant.
A decade ago, I contemplated paying off the whole thing. Some might think it odd, but I continued the payments. How much extra interest did I pay? Not more than a few hundred dollars.
Sometimes you make a commitment, but forget about the whys and hows. It was important to remain conscious of the wherewithal of undertaking this debt.
Continuing that monthly loan payment therefore always reminded me to be grateful, as it opened the education doorway to my career.
Gene Uzawa Dorio, M.D.