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Message
re: Student Loan Planning/Strategy
Posted on 12/25/14 at 11:35 am to Powerman
Posted on 12/25/14 at 11:35 am to Powerman
quote:
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
Right, except C which is the largest loan, which OP is attacking the hardest, apparently. C would be the last debt I would focus on.
1
Posted on 12/25/14 at 9:45 pm to jacquespene8
Dave Ramsey's advice:
1-Get an extra job on the weekend or on week nights. Take the money you earn on 2nd job and put it towards the smallest loan until you pay it off . Then repeat .
2- Do not go back to school until you pay off the school loans and can pay cash for school.
3-Do not invest until school loans are paid off.
1-Get an extra job on the weekend or on week nights. Take the money you earn on 2nd job and put it towards the smallest loan until you pay it off . Then repeat .
2- Do not go back to school until you pay off the school loans and can pay cash for school.
3-Do not invest until school loans are paid off.
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