Originally posted by Vermont
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Once the IRS is paid in full then I would continue making minimum payments on the private student loan and apply ALL excess funds towards the subsidized loan until it is paid in full. 1) It has the highest rate of the remaining 2 debts. 2) It has the smallest balance of the remaining 2 debts. 3) I would much rather owe a bank than the government...
Once the subsidized student loan is paid off I'd apply ALL excess funds towards paying off the subsidized student loan until it is paid in full.
Seems pretty straight forward to me.
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