Hello!
I'm a 24 year old living in Norway, working 100% and studying part time. I would like some advice on what to do with my student loan, which I'm now pumping into the stock market.
Short facts:
Income after tax: $58.000
Debt (only student loan): $53.000
Net worth: $92.000
So, right now I'm receiving 1200$ per month and the loan is interest-free as long I study (so I have the inflation working with me for now). Interest rate is 2.6% when I'm starting to pay back and the interest rate on savings account is 3.5%. My student loan debt will be around $82.000, but since I'm investing all the cash my net worth is not shrinking due to increased debt.
Should I keep taking the loan and pump it into stock market or stop the "free money" and begin to pay it back? Any other suggestions?