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Topic	would it be smarter to pay off my student loans instead of investing my money
Squall28 02/14/22 10:47:55 AM #3:	Pay it off early. You likely won't get much better than 10% return on the market, and it's not guaranteed with all the uncertainty right now. The more money you pay off, the less interest you have to pay. One of the big reasons why so many people get stuck with these debts for so long is because the early interest on these loans is so high. (The interest is a percentage of your principle, so the the beginning stages where the principle is highest is where you will be making the most payments towards interest. You want to get to the point where you are paying off the load, not just paying interest ASAP.) --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:962640947] in would it b... [t:79898694]...</cite> <quote>Pay it off early. You likely won't get much better than 10% return on the market, and it's not guaranteed with all the uncertainty right now. The more money you pay off, the less interest you have to pay. One of the big reasons why so many people get stuck with these debts for so long is because the early interest on these loans is so high. (The interest is a percentage of your principle, so the the beginning stages where the principle is highest is where you will be making the most payments towards interest. You want to get to the point where you are paying off the load, not just paying interest ASAP.) --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis</quote> ... Copied to Clipboard!
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