EDIT: Thank you guys so much for the help, I'll circle back with her but looks like #3 is first up on the chopping block
Hi there, hopefully this is a simple one! My girlfriend just came into a little bit of money after her tax refund, and wants to put ~$900 toward her student loans. She has a total balance of $37K, and is trying to figure out which loan she should pay first. Here's the breakdown:
- loan 1: $343 @ 3.15%
- loan 2: $2,917 @ 3.15%
- loan 3: $3,151 @ 5.96%
- loan 4: $3,411 @ 3.15%
- loan 5: $5,411 @ 3.61%
- loan 6: $15,622 @ 5.59%
- loan 7: $6,600 @ 5%
My gut tells me loan 3 would be a quicker one to get off the books, but I'm not well versed in the snowball method I've heard a bit about. Any help you can provide is great, thank you!!
Submitted March 09, 2017 at 09:41AM by threenippledwonder http://ift.tt/2n3rWaq
