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re: Pay Extra on Student Loan vs Invest?

Posted on 2/14/24 at 10:27 am to
Posted by go ta hell ole miss
Member since Jan 2007
13664 posts
Posted on 2/14/24 at 10:27 am to
quote:

Not with their income


I missed the part about their income (I am still missing it, actually).. I assume anyone that can comfortably afford to increase their student loan payments an additional $2400 a month over what they are currently paying is likely itemizing.
Posted by DaBeerz
Member since Sep 2004
17004 posts
Posted on 2/14/24 at 10:48 am to
quote:

I missed the part about their income (I am still missing it, actually).. I assume anyone that can comfortably afford to increase their student loan payments an additional $2400 a month over what they are currently paying is likely itemizing


Student loan Interest deduction phases out at 155k joint filers… PA and engineer will exceed that, so you don’t get to deduct the interest
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