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Reply to "Should I pay off this student loan?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have about $40k in student loans left at under 2%. Emotionally, I’d love to pay them off but it just makes no financial sense to do so.[/quote] but if you can pay them off, and you don't need the 40K in cash, making your monthly loan payments into some sort of investment account instead of the loan will make you more money in the long run [/quote] +1 this People think they're being cutewith interest rate arbitrage or "putting money elsewhere" or what have you, but few actually take the time to sit down and do the simple compounding in excel. And even fewer know how to play the arbitrage game successfully. Just take 15 minutes and run a spreadsheet. Unless you're earning a very very safe 7%+ (and, the kicker, routinely using it to feed this loan + reinvest) you would be saving a lot more, not to mention your emotional state, by just throwing everything at it and being done with it. [/quote]
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