Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am in a similiar situation-

What I did was figure out how much to pay each year so that I could get the max tax benefits for the student loan interest and then I paid about six months ahead at the amount that I figured out (more than the min). This gave me a 6 month cushion so that I would never be late. Student loan debt is not looked down upon like other consumer debt (credit cards, etc) so it shouldn't be blocking any oppotunities for you. I would use the extra money to build up my emergency fund and then invest in somehting safe- like a protected growth fund or a carefully chosen stock. 6.79% will not be difficult to beat, even is the present market. (this is all assuming that you do not have any other high interest consumer debt)

Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.