The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: HiJumpKick (HJK) on February 17, 2014, 06:34:53 AM

Title: USA citizen here with a Q about student loans
Post by: HiJumpKick (HJK) on February 17, 2014, 06:34:53 AM

Hi all,

I'd like some advice about student loans.  I am 23 and want to get rid of my loans which can be done this year, however, I am also looking to purchase real estate for permanent residence.  I was told it would benefit my credit history if I continue to pay my student loans monthly to increase the chances of getting a good rate.  What is your advice for me in this situation?

Title: Re: USA citizen here with a Q about student loans
Post by: SwordGuy on February 17, 2014, 06:45:17 AM

At 23 it probably won't make much of a difference. 

You can always save up the money, lock in the rate, and then pay it off the next day. :)