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Personal Finances / Paying Back Student Loans


Subject:  Pay off a loan or invest it? Date:  2/12/2014  4:05 PM
Author:  rabdelazim Number:  4808 of 4848


I will be coming into a bit of money soon in the coming months (bonuses). i'm wondering if I should invest this money or pay off one of my student loans. I have about $30k in student loans across 5 accounts. The interest on these loans ranges from 3.75% down to 2.5%. Luckily the biggest loan ($14K) is at the lowest interest (2.5%). So I'd be looking to pay off one of the "high" interest loans of around $4k at 3.75%.

The question is should I use this money to pay off that loan or should I continue putting this money into my equities portfolio? Most of those equities are SA picks and have generally been doing quite well.

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