Updated about 7 years ago on . Most recent reply
Pay the rest of students loans off? Or start to invest
Hello guys, would like to get an idea of what some of you would do in my situation. From 85k of students loans me and my wife have brought it down to 30,000 in less than 2 years . For now on will be putting about 2500 on average towards the loans every month Which on this trajectory we have about maybe 10-12 month left. The loans have a 6% interest on them. We live in Miami Fl, and we are so ahead of the payments. about 2 years on the repayment plan. Which means we don’t have to pay the minimum which is $811 till then if we choose to stop right now. But obviously it wil start gaining interest though out that time. Would some of you just hold tight and pay them off completely. Or stop and start saving for a rental property instead. We’re both 27 years Old and currently still renting. Thoughts ?