Thursday, June 21, 2012

Master in the House!

About a year and a half ago, my husband decided it was now time to return to college and earn his Master's Degree. He had about 5 years teaching under his belt, and that was the agreed upon time frame to move from Bachelor's to Master's. After all, isn't the fun of teaching, gettting to teach? So, having found himself comfortable in his school, it was time to add to his own education (and stress level!).

Today, it is official. He is finished. His grades are in and the degree has been awarded. Because his last class was during Summer Semester, the University encouraged all students who were finishing in the summer to participate in the Spring Graduation. We went to the hooding, and it was a really cool feeling to watch them put that strange piece of satin and polyester over his head. His final class actually ended a week early (last week) and today, which would have been his last day of class, his final grade was posted on his transcript. To celebrate, we called the student loan company, inquired upon his pay off amount and returned the money borrowed for his tuition.

That's right. Not only is he finished with his Master's, but we have already paid off his Student Loan. What's our secret? We didn't know how much we needed. So, we took the full loan amount they offered us. We then put it in our bank account and then only used it for tuition and books. My husband was also teaching a concurrent enrollment class in his school. The University giving credit for the concurrent class offered to pay for one class at the University for every semester they taught. He took advantage of this and didn't have to pay for all of his classes. Because of this, the bulk of the loan just sat there. Then, when we got our tax return this year, it happened to cover the amount we spent. We got our first statement and we just sent all the money back. Done and done!

Summer is now officially here, and I couldn't be more proud of my husband and his accomplishments. He has worked really hard to keep his grades up (3.95 GPA!) and make sure his students weren't neglected. And now, he actually has time to read what he wants! Free time? Is this a new thing?

Congratulations, husband! We are so proud of you.


Anonymous said...

Way cool .. Congratulations..
Dave Ramsey would be proud of you for trying so har dto be Debt Free.
Like Dave says. "The paid off home mortgage, has taken the place of the BMW as the status symbol of choice. "

Carrie said...

Congrats to all of you!

Elizabeth said...

Woot! Congrats to both of you. I know it was a team effort.

xo -E