Reply to Anyone is ok carrying a student loan debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Forgot to add that interest on mine is 3.5% and 6% on DH.[/quote]

You should consider reprioritizing based on this. Sending $3000 extra per month will make a much bigger difference on the higher interest loan.[/quote]

You are right. But I just thought to pay off the smallest debt first. And get rid of that payment entirely.[/quote]

I'm the PP who originally asked about the interest rates, and I agree with PP.  Focus on paying down the debt with the highest interest rate first.  Throw your extra money at that.  I know it feels good psychologically to pay a loan off entirely, but with that high an interest rate, you want that one to go away first.

And I don't think you need to spend every last penny on your debt.  It's your life and you have to live it.  Some people are overly rigid about debt and that's their perspective.  You sound like you're both doing your best to be responsible while still enjoying life.  There's a big difference between a mountain of credit card debt from luxury items, vacations, etc., and student loans to advance your careers and expand your horizons.  Stay the course (but do consider reorganizing to address the higher interest loans first).[/quote]

Thank you so much.[/quote]

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