ST Alpha - "if high interest rate, pay loan. -- nm" (Reading a Post)

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In response to "aaaaand I'd like to talk about student loans. somehow, I have paid my student loans three months ahead. oops! obviously I should make principal only " by amanda jones

if high interest rate, pay loan. -- nm

Posted by loosilu (aka loosilu2) Oct 24 '11, 12:34

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Responses:

6.8% student loans. student loan rate. -- nm - amanda jones Oct 24, 12:37 7
- i consolidated my to 4.25. maybe the only smart financial decision i've ever made in my life -- nm - poxie Oct 24, 12:39 5
  - I wish I could. with IBR, I should save about $125 per month next year. that's not insignificant. - amanda jones Oct 24, 12:40 4
    - this is my dilemma. when the time comes (soon hopefully) that i have my credit card and back taxes paid down, where do i put the windfall? - poxie Oct 24, 12:43 3
      - I would probably do the IRA. assuming the interest rate on the IRA will be higher than 4.25%, it's the smarter bet. - amanda jones Oct 24, 12:46 2
        
        i just want that debt *gone* though. as fast as possible, even at a relatively low interest rate -- nm - poxie Oct 24, 12:48 1
        
        yeah, I hear you. (can you do IBR? do you qualify?) -- nm - amanda jones Oct 24, 12:49
- not so bad. -- nm - loosilu Oct 24, 12:38

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