Reply to Anyone is ok carrying a student loan debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you care what other people are doing? I never had student loan debt, no way would I take it out in the first place. However what does that have to do with you? Nothing.[/quote]

Many have absolutely not choice but to get loans.   OP is asking about the best way to manage it along with other financial goals.[/quote]

Yes and [b]for some people, getting a loan is absolutly not a choice they would make no matter what[/b]. So what?[/quote]

And that's not what this thread is about.  It's about managing the loans SOMEONE ALREADY HAS.  Go start your own thread if you want to trash student loans.

OP, the interest rate on my loan is 5.75.  DH and I are paying it down aggressively.  Started at about 150K in 2002, but only paid the minimum until about 3 years ago.   Then we started throwing all our extra money at it.  We are now at about 35K and the end is in sight. Never had a problem getting approved for a morgatge or HELOC, car loan or credit card.  We always managed to save for retirement as well.  But when I think about how much better shape we'd be in now if I had tackled the loans sooner, I cringe.  Tons of interest payments down the drain.

That being said, I would have been a lot more lax about paying them off if the interest rate was lower.  But 5.75?  I should have refinanced, but never did.  Ah well.  Live and learn.[/quote]

No, the OP is feeling insecure after watching a YouTube video and is now looking for validation.  If she wanted real suggestions, rather than the calming hum of the chorus from the peanut gallery on her unique situation she would have posted useful details.

I'm not trashing loans. My situation had no bearing on your or anyone else. My lack of loans is not a reflection on yours. [/quote]

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