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re: Student loan debt pay or invest?
Posted on 6/21/14 at 3:02 pm to GaryMyMan
Posted on 6/21/14 at 3:02 pm to GaryMyMan
quote:I'm in the same boat. I'm not a knowledgeable investor so the wife and I are trying to knock out her $40K in loans in a year, then focus on investments later.
If you know how to reliably make >7%, more power to ya. I don't which is why I'm heaping all my extra money onto my student loans - my most expensive debt.
This post was edited on 6/21/14 at 3:02 pm
1
Posted on 6/21/14 at 3:09 pm to TigerTatorTots
I have right at 290k and will start repayment next July. I have some below 5%, some at 6.8% and some at 9% (private). I can refinance at 5.5-6% for 15 years. I could get a little lower with variable rates but I have no idea about these things. I am thinking doing that for everything above 6 and paying the others off for 20 yrs. Then probably finish them off year 16-17.
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