Advantage in paying off student loan?
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Anonymous
| spin-off from the mortgage question...any advantage, other than getting rid of the student loans with a high interest? also, should you not pay off the lower interest loans, ie, 3.25 or 4.0%? |
Anonymous
| I’m paying off my student loans at 5.5-6%. My HYSA is 4.3%. In a year - after my student loans are paid off - i have to decide if we will work towards paying off our mortgage early or not (3.6%). |
Anonymous
| Lots of different variables... are they government loans or private? Private loans have no safety net and aren't discharged in bankruptcy so better to get rid of if possible. If they are gov loans then you have more options, but you can hold off while savings accounts rates are high and market doing well. |