4 ms·
Depends on the interest rate of the loan. No reason to pay it off early if you've got a 1-2% loan - you'd be better off in the long term investing that 'extra'
by count 13y ago
Depends on the interest rate of the loan. No reason to pay it off early if you've got a 1-2% loan - you'd be better off in the long term investing that 'extra' money and getting 3-5% return.
- dangrossman 13y agoWhere are you going to get a 1-2% student loan as an 18 year old with no credit or assets (or anyone else, really)? Government loans are 6.8% right now.
- count 13y agoYou can't, now, I guess. My wife's consolidation loan is only 1.5% (well, 2% with a .5% discount for auto-online payment). We lucked out, I guess!