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Author: tsouth Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8203  
Subject: Re: pay loans fast vs. start investing Date: 12/20/2000 1:36 PM
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i need some advice on whether or not i should pay off my college loans as quickly as possible or start investing the money instead...

.......................

Well...

Are you contributing to a 401k at work? If you don't have a 401k available, are you putting $2k into an IRA? Do you have an emergency savings account started?

Is the interest on the student loans tax deductible for you? (Hint: check out the 1040 to find out.)

I would definitely put into a 401k and emergency savings before worrying too much about the student loans. But if you're maxed out on the 401k and have the emergency savings account stocked, I would consider paying down the student loans a nice safe investment.

Teresa
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