Pay off your student loan early
I’ve had an email from a recently graduated student who’s taken a well paid job and is keen to pay off her student loan as quickly as possible. Lucky her … it’s not a situation many of us find ourselves in!
But interest rates on student loans are usually low. There’s no point in doing this if the interest on your loan is less than the interest you’d earn putting the money in a savings account. Remember, not all debt is bad … it’s the difference BETWEEN the two interest rates that counts, so do the sums first.
