I'm taking a moment to express a little gratitude and also check myself here.
I've been at my current job long enough that I'm getting a steady stream of vested stock. The value of the company stock isn't super likely to leap anytime soon, and I have some other invested money elsewhere. So, I've decided to cash out my stock periodically and make large payments towards my student loans.
I've made a couple large payments to knock off a few of the smaller loans in the kitty. Every time I do, my monthly payment drops some because there's one less loan in the aggregate (the way my Master's degree loans were disbursed, there were six loans).
I chose to start using my company vested stock because the advice I read here suggested to treat it like cash to some degree. It's a one-bucket investment, and should be divested to mitigate risk. Rather than spend that money on other stock and pushing the risk elsewhere, I'm paying off the higher interest loans first.
My undergrad degree is still not paid off, but the interest there matches inflation so there's little point in paying that off. My grad school loans are a ridiculous 6.8% and the balance is too small to try to refinance (thanks for nothing SoFi).
I'm glad to have learned a thing or two from you fine folks. Keep on fighting the good fight.
Submitted March 14, 2017 at 04:32PM by mistermocha http://ift.tt/2nBN9Eg
