Hello,
Sorry if this isn't the best place for this question, but I just want to make sure that I am thinking about this correctly and not missing any hidden fees or anything.
I am 30 years old and I am going to be going back to college to finish my bachelors degree this summer.
I live very comfortably below my means and have the money to pay for tuition out of my own pocket. However, most of my money is currently invested and would require that I pay taxes on a short term (less than 2 year) investment. If I wait the approximately 18 months until I finish school, the 2 year time frame will have passed and I could sell some of my stock and pay off the loans then without paying higher taxes on the gains (if I understand that correctly).
I was researching and all I can find for fees on student loans is the 1.066% fee that is charged for taking out the loan. The total cost will be about $21,000 and my employer is willing to pay 50% ($10,500) of that, so I only need to take out about $10,500.00 making the fee $111.93.
My line of thinking is that since I would not be paying any interest on the loans anyway, it would make more sense to leave my money invested, potentially make money off those investments and not pay the higher tax rate than sell some stock and just have the money in a savings account and saving the $111 fee.
I just want to make sure that there aren't hidden fees or something that would cost me more money in the long run on the student loans.
I appreciate all input and opinions.
Submitted May 17, 2018 at 01:58AM by PM_ME_IF_UR_BATMAN https://ift.tt/2IMQ3o8
