Comments on: Pay off student loans, or invest?

By: Corbin Bernstein

Corbin Bernstein — Thu, 11 Mar 2010 03:08:04 +0000

I agree, I have a number of the no credit check private student loans on my record, and am having a terrible time trying to pay them back due to the high interest rates.

By: Robert Malkin

Robert Malkin — Wed, 10 Mar 2010 00:42:58 +0000

If you originally got a private student loan without a cosigner, then you should pay off the note as quickly as possible due to the fact that your interest rates are probably fairly high. If by chance you got a loan with a cosigner, your rates are probably lower, and there is less urgency.

By: The Loans Guy

The Loans Guy — Wed, 20 Jan 2010 11:34:54 +0000

Well it all depends on the rate of interest. When you take on a mortgage you are getting the lowest rate of interest possible and hence why some people use that money to invest in property. It really is cheap finance. However, student rates are not always such a ‘banker’ so tread carefully, otherwise that loan will never get paid off.

By: Auto Marketing Group

Auto Marketing Group — Thu, 17 Dec 2009 05:36:36 +0000

Thank you for this post, I so totally agree! And it’s very inspiring for me. Auto Marketing Group is selling cars and financing loans for buying a new car.

By: Jony

Jony — Sun, 08 Mar 2009 09:19:21 +0000

Well you have to be sure that those investments will pay back on time so you don’t lose your credit score. Also it is a good idea to use that money for something that you know will work. Overall good tips. Thank you.

By: bilal hussain

bilal hussain — Sun, 01 Mar 2009 08:24:59 +0000

R/sir.my name is Blal Hussain s/o IKhtiar Ali.I belong to Parachinar Kurram Agency NWFP Pakistan. I am the student of BBA(hons)from Agricultural University NWFP Peshawar Pakistan.MY father is a farmer and he is the only one who lookafter our family.My home has destroyed by the “TALIBAN ” i-e “AL-QAIDA” during crises in our area.so nowaday i have no source to continue my study and pay my university fees i-e 40000/- rupees.I am a brallient student of my class and i have done the “IELTS TEST (4.5 bands)”but due to financial problem i will not continue my study .so i will be wery thankful if you give me a chance and minimum help to continue my study.sir if there is a chance to go fareign i will be ready. i will be waiting for ur reply. thanks yours truely, BILAL HUSSAIN . E-mail. b4y_sawan@yahoo.com

By: jam

jam — Tue, 13 Jan 2009 06:30:05 +0000

When stuck with a student loan, it is better to at least try to pay it off rather then to neglect it.. Interest rate goes up and bad credit start to take into affect…
My best suggestion is to try by paying the loan some amount than nothing.. At least you tried….

To make things better … Think of it as if everyone paying of a NEW Car you just bought… Never Give Up.. Keep Trying.. and Keep saving…
Limit your spending…

By: Student Loans

Student Loans — Wed, 10 Dec 2008 03:58:50 +0000

Some students say you have to do both things at the same time. That to me is the best way to deal with it. And pay the minimum and invest the rest. And make sure you have at least 3 to 5 months of liquid cash for fodd and other supplies should something happen. Such as losing your job. It would be very nice to try and pay off as soon as possible but sometimes that is very hard to accomplish so I would rather pay minimum first and if things or my job pay increases, i will increase the loan payments.

Thanks
Studen Loans

By: How to Save Money for College the Free and Easy Way

How to Save Money for College the Free and Easy Way — Thu, 18 Sep 2008 01:21:29 +0000

[...] to sign up for UPromise. Even if you’ve already graduated and now need to figure out how to pay off student loans, this free savings plan can help you with that too. Posted by John Free Stuff Subscribe to RSS [...]

By: Shaun Rosenberg

Shaun Rosenberg — Sun, 27 Jul 2008 16:14:18 +0000

I have always believed that using your money to investing is much better than paying off your loans.
http://www.stocks-simplified.com