I have college loans totaling about $12,000. Most of those loans are at a %2.625 interest rate, which I'm not too worried about. However, $5,172 of the loan is at a %6.55 interest rate. I also want to make sure that my Roth IRA is fully funded. Am I better off putting my 5k into the Roth IRA or just paying off that college loan outright?
As a side question- is %6.55 a bad rate for college loans? Do they go much higher?
Submitted January 28, 2017 at 11:15AM by 13forluck101 http://ift.tt/2kejHX0
