Skip to main content
No. of Recommendations: 0
I would definitely roll the old loan with the high interest rate into a new one with a lower interest rate if you go back to school. If you don't go back to school, is it possible to refinance it anyway? It seems like an excessive interest rate for an educational loan.

The old loan is a consolidation loan; it once was three separate loans. The interest rate is the weighted average of the three individual loans. I don't know how to refinance an educational loan. I've looked around the Web for that kind of information but have never found anything useful. Believe it or not, those were the going rates when I went to school in the late '90s. It seems excessive by today's standards, I agree.

For your MDT stock, I would diversify it.. it is a huge amount of your savings at the moment. However, considering that you will have to pay capital gains on a lot of it... it makes it more complex.

Yep, it's the major chunk of my savings, but I am beginning to sock some savings away each paycheck. Thanks for weighing in on the stock diversification issue.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.