Quote:
|
Originally Posted by Tree0164
I hate having any sort of debt even if is a student loan. How much are you really earnning each year even if your savings accounts are earning a higher percentage???? Maybe the most 1 or 2%.
I would try to get that paid off as soon as possible.
|
Even if you earn 2% (in a savings account) you can write off any interest made from the loan on your taxes. But if you put it into a Roth, you can earn more than that. Last year my Roth earned about 15%.
My student loan interest right now is 3.12% (drops another 1/2% after 36 ontime payments). Assuming that inflation is between 3-4%, it makes me feel a lot better that they are actually losing money on me.