Currently getting my doctoral degree (2 years left) in a field that will allow my starting salary to be around 95-125k and increasing with time. I have around 49k total in student loans. Next semester(January) being offered 10k in a loan with 5.5% interest rate. I have a tuition waiver through my job that makes tuition total $1,800.00. Leaving me with the option of having $8,200.00 (loan money) deposited to my bank account if I accept the full amount.
Current Money Weighted return in Roth IRA is 8.7%, Time-weighted 11.1%.
Since the return rate in my Roth IRA is greater than the interest rate of the loan, would it make sense to accept an additional $5,500.00 to place in my Roth and let it grow?
Appreciate in advance any advice!
Submitted September 23, 2018 at 03:06AM by Zambonis4days https://ift.tt/2xtDcQM
