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Reply to "Should I pay off this student loan?"
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[quote=Anonymous]lets assume 17000K 2.65% and you monthly payment is 100 bucks. its going to take you almost 18 years to pay off the the debt and its going to cost you over $4000 in interest. i guess if you are able to make more in interest on investing that payoff money, then its a good idea to keep the loan. yes you have ideas about buying a bigger house using using the cash as a down payment. but the loan will be held against your available credit to use for purchasing power. let say you pay off the loan lump sum continue to invest the $100 monthly payment for the same 18 years your contributions would total $21600, and your potential return is $33500 assuming 5% return. plus if you invest in a traditional IRA you get tax benefits. [/quote]
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