Is it wrong to fund retirement and investments while I still have student loan debt?
I have student loan debt with pretty low interest rates 5% and 3% respectively. Is it better to put extra money toward paying off the student loans quicker or putting that extra money into an IRA and / or good mutual funds which would ideally earn a higher interest rates than the loans?- Depends. what is the intrest rate on your student loan. what is the return on your investments
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- try never to pay off those debts
- If your student loan rate is low enough and yours is this is a good idea. Even better if you sign up for a 401K with a match by your employer
- Sounds like you can make money investing - more than you are paying out - espcially if you have a company match for your funds. Still, a lot depends on your job situation. If you have any risk there, you may be better off plowing all your money into those loans and paing them off. That way if you lose your job, you do not worry about the debts
Knowledge Base
Can a student loan debt collecter put a lein on a person's house in the state of TX?
can a student loan debt collecter put a lein on a person's house in the state of tx? if the loan is in default can a lein be placed?. not if you pay the debt you are obligated to pay they can't. the lender must sue you and obtain a (student loan rate)
Any proposed student loan debt elimination programs or interest rate reductions?
has anyone heard if obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?. no. your debt and no help on the horizon. i do not know about that. but i do know that my (private student loan)
Is a student loan rate set in stone? Is it possible to negotiate a lower rate on old student loans?
you can refinance a student loan! i would call the loan provider and see what all your options are! good luck!. student loan in the uk - i believe the interest follows inflation so it currently four point something. its not negotiable. no, these rates are set by the government. (student loan rate)
Knowledge Base: Student Loan
are there any lenders that do federal student loan consolidation? not private loans?
it seems like there are not any lenders that do federal student loan consolidation programs. are there any out there? not private loans. so far it seems like the dept of ed has ended other programs. please help thanks ruth. can you ask your relative if it was a federal (student loan)
Is this a good student loan interest rate?
i am borrowing $10, 600 to cover tuition, and all the interest rates i have been approved for are about at 10%. my brothers got their student loans for about 7%, but that was two years ago. have rates gone up that much, or am i just not getting good (student loan consolidation)
My wages are being garnished for a federal student loan. Will they take my tax return also?
i have not received a tax return for the last 5 - 6 yrs because the federal student loan i owe on has been getting it. now my wages are being garnished as of this year. will they continue to take my tax return even though i am presently being (student loan debt)
How much student loan debt is too much?
lets say i graduate with a business management degree, with about 45, 000$ in student loan debt. is this too much for my major? at what point is a student in over their head with education debt?. its depend on school that you are attending, and how long you take (student loan rate)
Any proposed student loan debt elimination programs or interest rate reductions?
has anyone heard if obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?. no. your debt and no help on the horizon. i do not know about that. but i do know that my (private student loan)
Knowledge Base: Student Loan Debt
How does student loan debt affect my credit score?
i am at the final stage of paying off credit card balances. just one more month, yippee! i have also already paid off my car loan 7 months before the maturation date. anyway, i still have close to $50, 000 in student loan debts - federal and private. but that's (student loan debt)
What is the fastest way to get rid of student loan debt?
i am paying off a lot of credit card debt and currently have my student loans in a deferral status. but the big monthly payments will start up again at the end of this year. aside from trying to "drop off the radar screen" or looking for a much better (student loan debt)
What happens when you marry someone with extensive student loan debt?
does that become your responsibility as well? i am uming so, but i have heard conflicting stories on student loan debt, so if anyone could clear up my confusion. you will divorce in a few months. as far as i understand, the debt becomes your responsibility as well. but a (student loan debt)
How much student loan debt is too much?
lets say i graduate with a business management degree, with about 45, 000$ in student loan debt. is this too much for my major? at what point is a student in over their head with education debt?. its depend on school that you are attending, and how long you take (student loan debt)
What is the most that you have in student loan debt?
are you able to make your payments? i am just curious what everyone else is doing. so far, i have about $20, 000. 00 in student loan debt for 4 years of school i have a bachelors in psychology now. i am going on to graduate school and student loans (student loan debt)
