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HomeForumsStarting OutStudent loans, pay them off before investing?
Christian Albright's profile image
Christian Albright's profile image
Christian Albright
  • Contractor
  • from Denver, CO
  • Member since Jan 11, 2020
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User Stats

41
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24
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Christian Albright's profile image
Christian Albright's profile image
Christian Albright
  • Contractor
  • from Denver, CO
  • Member since Jan 11, 2020
Connect
Christian Albright
  • Contractor
  • Denver, CO
24
Votes |
41
Posts
Starting Out

Student loans, pay them off before investing?

Christian Albright
  • Contractor
  • Denver, CO
Posted Jan 26 2020, 11:20

Hi BP,

I have about 20k in student loans that I’m due to start paying in September of 2020. I plan on having a job that pays ~60k a year by then. I have about 11k in savings and want to time it so I can start house hacking right away. Does it make sense to do this or should I pay off all my loans first to lower the amount of money coming out of my paycheck each month. It might help to know that I do paying off the loan amount asap (within 18 months of starting payments). Any advice is appreciated!

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