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Student Loans
Posted on 4/21/24 at 1:02 pm
Posted on 4/21/24 at 1:02 pm
My daughter is graduating in May 2024 should I take money from my 401k to pay off her student loans ~ 50k? We have been paying on it but the interest rate on her loan is about 8%. Im no financial guy but my wife and I have worked hard the past 30 years and we don’t won’t to keep paying these monthly loan notes because basically we’re just paying the interest not the principal.
Any guidance or recommendations would be greatly appreciated.
Any guidance or recommendations would be greatly appreciated.
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