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re: Student Loan Planning/Strategy
Posted on 12/25/14 at 10:57 am to Buckeye Fan 19
Posted on 12/25/14 at 10:57 am to Buckeye Fan 19
It seems to me that you at least have a plan, and that in itself is a great start.
I know I'll get laughed at for saying this, but dave Ramsey's plan would work best here. I'd do the snowball. Pay minimum payments on all the loans except the lowest balance loan. Pay the crap out of that small loan, and when it's gone, hammer the next smallest loan, and so on.
Havin students loans is not "a normal thing that you just learn to live with." They suck, and they need to be out of your life. Your plan sounds ok, just don't ever settle into the minimum payment route. Keep it up.
I know I'll get laughed at for saying this, but dave Ramsey's plan would work best here. I'd do the snowball. Pay minimum payments on all the loans except the lowest balance loan. Pay the crap out of that small loan, and when it's gone, hammer the next smallest loan, and so on.
Havin students loans is not "a normal thing that you just learn to live with." They suck, and they need to be out of your life. Your plan sounds ok, just don't ever settle into the minimum payment route. Keep it up.
Posted on 12/25/14 at 11:11 am to jacquespene8
quote:
I know I'll get laughed at for saying this, but dave Ramsey's plan would work best here
Well the smaller debts have the highest interest rates so it would work by default
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