Hello Mustachians!
I am in need of your expertise. I am 23 years old, about a year and a half out of college, working at a company making about $50K a year. I have two main loans, a $10,000 car loan (I only discovered Mustachianism after I had already made the purchase, d'oh), which I expect to be paying off within the next 6 months and a $14,000 student loan at 0% interest. Yup - 0% interest, it was a revolving loan offered by my school for what was left after my scholarships.
The loan is structured for 10 years at $125 a month. It's not too much of a burden, but the thought of carrying it for 10 years does not really sit well with me. Still I want to do the financially responsible thing and my thought is that, at 0% interest, I'd be better off investing the money and accruing interest on it...
I am also planning on going back to graduate school in 2-3 years and want to be prepared for the expenses that will come along with it.
Any thoughts or advice as to how I should treat my Student Loan would be greatly appreciated. Have any of you had any experience with 0% interest debt? Thanks!!!