The Largest Student Loan Actually PAID OFF! - page 5

I am just curious about something here. I am very, very concerned and alarmed at the number of folks that I have seen on the board that have student loans of $60K $80K $100K for an undergrad. ... Read More

  1. by   richardjboro1
    Quote from brunclex129
    Here is my advice....Do not pay off your student loans. The government interest rates are so low that you are better off making the minimum monthly payment. Get over the fact that you have loans and just deal with it. Student loans are an investment in your future, and if you didn't take them, you most likely would not have been able to go to school and become an RN. I would only payoff a loan if the interest rate was over 8%.

    I HOPE you mean don't pay them off quicker than required??? I do agree it is an investment, but if one is able, why not pay off the loan and then enjoy being debt free?
  2. by   brunclex129
    Quote from richardjboro1
    I HOPE you mean don't pay them off quicker than required??? I do agree it is an investment, but if one is able, why not pay off the loan and then enjoy being debt free?
    Financially it is smarter to hold a low interest loan, and use the money to invest instead of paying the loan balance off or making double payments. Payoff high interest loans like credit cards and cars instead, if you have other debt.
    Last edit by sirI on Jul 31, '08 : Reason: TOS for unfriendly debate

close