should I just pay it off at this point? : r/StudentLoans - Reddit

Q: What if I didn't pay off my student loan?

Send $250 to short term savings, $1k to long term savings and the rest to more retirement. You'll never be in a better place to save for retirement than right now: Minimal expenses, no family, and retirement is a long way off. If I did not pay off the student loan, what would I be doing with this money? I'd put it into my HYSA at 4.55%.

Q: Should I pay off my student loan before buying a house?

If you want to buy a house sometime before your student loans are to be paid off under the current plan then do NOT pay off the student loan. If you want to buy a house after the current repayment plan would end, then go ahead and pay it off then increase your savings amount to repay yourself. This year, your loans will cost you $1.26k in interest.

Q: Can I refinance a student loan if I'm 100K in debt?

I'm 100k in private student loan debt with Sallie Mae, any advice? : StudentLoans Cannot qualify for refinancing because of income to debt ratio. the front page of the internet. and join one of thousands of communities. submitted 8 months ago by No_Match_1435 Ive hit an all time low mentally, financially, etc so I NEED to make some changes.

Q: Can you get money back if you pay off a slush fund?

this is a liquidity question. once you pay off the loan, you can't get that money back out. but you will have more money, net net, if you pay off the loan, because the interest rate is higher than you are earning on your cash (interest which is also taxed). so as long as you're ok with going from 40k slush fund to 15k slush fund, ditch the loan

Q: Should I pay off my debt?

Whatever you do is okay as long as you maximize interest you are earning and minimize what interest you are paying. Over a 20 year period it might make sense pay the debt off monthly for 10 years while earning a good interest rate on the $25k that you have in the bank for 20 years. It depends on the math and your comfort level.

Q: What should I do if my eFund isn't paid off?

If your remainder after the efund isn't the full amount owed, take the total you are comfortable using (e.g. 15k) and then increase what you're paying to your loans every month instead of putting it into savings until they're paid off. Or until you need to replace money pulled from your emergency fund.

All I've ever wanted was to graduate from university, get a job to pay off the loans, then help my family get out of debt. But it took two years for me to find full-time underemployment during the …

$17500
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Should I Just Pay Off My Student Loans All At Once Or Invest?

2 weeks from now

So I have around $17,500 in student loans. I have just under $60k saved now. The only other debt I have is my taxes owed that I just paid and my credit card that I pay off every month. I …

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Should I Pay Off My Loans Fully, Or Pay Slowly Through 2024?

2 weeks from now

If your loans were < 4% I'd say to hold onto them because you could beat that in a savings account right now. But a guaranteed 4.7% return is pretty sweet. Just pay em off. Another …

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Should I Pay Off My Student Loans Now Or Wait? : R/personalfinance …

2 weeks from now

You will accrue that $25,000 quite rapidly and in a short time, and you can now reacquire that sum with the aid of additional cash freed up from being student loan debt-free. This would be a …

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Should I Just Pay Off My Loans ? : R/StudentLoans - Reddit

2 weeks from now

I currently pay about $1000 each month and I have $10,800 in savings. In my mind all my loans would be paid off right before the forbearance would go away so I would avoid paying any …

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Should I Pay Off My Student Loans? : R/personalfinance - Reddit

2 weeks from now

Sorry for the title, but I (22F) have unexpectedly been giving an inheritance that’s $5,000 every year for nine years. My student loans aren’t bad they’re $13,000, my monthly payments are …

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FAQs about should I just pay it off at this point? : r/StudentLoans - Reddit Coupon?

What if I didn't pay off my student loan?

Send $250 to short term savings, $1k to long term savings and the rest to more retirement. You'll never be in a better place to save for retirement than right now: Minimal expenses, no family, and retirement is a long way off. If I did not pay off the student loan, what would I be doing with this money? I'd put it into my HYSA at 4.55%. ...

Should I pay off my student loan before buying a house?

If you want to buy a house sometime before your student loans are to be paid off under the current plan then do NOT pay off the student loan. If you want to buy a house after the current repayment plan would end, then go ahead and pay it off then increase your savings amount to repay yourself. This year, your loans will cost you $1.26k in interest. ...

Can I refinance a student loan if I'm 100K in debt?

I'm 100k in private student loan debt with Sallie Mae, any advice? : StudentLoans Cannot qualify for refinancing because of income to debt ratio. the front page of the internet. and join one of thousands of communities. submitted 8 months ago by No_Match_1435 Ive hit an all time low mentally, financially, etc so I NEED to make some changes. ...

Can you get money back if you pay off a slush fund?

this is a liquidity question. once you pay off the loan, you can't get that money back out. but you will have more money, net net, if you pay off the loan, because the interest rate is higher than you are earning on your cash (interest which is also taxed). so as long as you're ok with going from 40k slush fund to 15k slush fund, ditch the loan ...

Should I pay off my debt?

Whatever you do is okay as long as you maximize interest you are earning and minimize what interest you are paying. Over a 20 year period it might make sense pay the debt off monthly for 10 years while earning a good interest rate on the $25k that you have in the bank for 20 years. It depends on the math and your comfort level. ...

What should I do if my eFund isn't paid off?

If your remainder after the efund isn't the full amount owed, take the total you are comfortable using (e.g. 15k) and then increase what you're paying to your loans every month instead of putting it into savings until they're paid off. Or until you need to replace money pulled from your emergency fund. ...