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Author Topic: School Loans  (Read 2229 times)

AJ41

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School Loans
« on: March 05, 2017, 09:36:12 AM »
So I have probably 40k of school loans left. The interests rate all vary and if I pay it off in the time frame (2024) I'd pay 10-13k of interest.

Would you guys pay it off immediately if you have the money or what would you do?

Rather not spend 40k in one transaction like that.
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tralfamadorian

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Re: School Loans
« Reply #1 on: March 05, 2017, 10:59:11 AM »
What are the interest rates?
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AJ41

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Re: School Loans
« Reply #2 on: March 05, 2017, 12:16:21 PM »
13 loans total. The interest range from 4.5-6.8. The majority are the later however.


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meandmyfamily

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Re: School Loans
« Reply #3 on: March 05, 2017, 12:17:12 PM »
I would!  Today!
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tralfamadorian

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Re: School Loans
« Reply #4 on: March 05, 2017, 12:27:34 PM »
Quote from: AJ41 on March 05, 2017, 12:16:21 PM
...4.5-6.8....

I would pay them off tomorrow morning.
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ltt

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Re: School Loans
« Reply #5 on: March 05, 2017, 02:13:31 PM »
If it's money you have that's sitting in a savings account collecting little interest, yes, I would pay them off.
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AJ41

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School Loans
« Reply #6 on: March 05, 2017, 03:46:38 PM »
Just what I thought guys. Hate to see 39k leave like that. Was maybe hoping for some type of loan forgiveness or a way for a discount or something. But it may seem like the best route to go is just pay off the entire thing.


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