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Student loan
I just came into a little money. With a student loan of 32,900 at 8.25% Would a smart person pay off the loan or invest? (And what in?)
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Re: Student loan
Can you consolidate that loan? If not, i'd pay it off. That's a pretty high interest rate. -
Re: Student loan
Do you have an emergency fund? Do you contribute to a retirement plan? Do you have any other debts? Can you consolidate your student loan into a lower rate loan?
Depending on your answer to these questions, maybe you should do a combination of several things - pay down some debt, beef up your emergency fund, invest for your retirement.
Hope this helps. Feel free to post more information - I'm sure you'll get a lot of great ideas on the best use of your windfall.
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