I recently came into some money and am trying to decide whether to pay off my student loan or invest. Loan balance is $9500, payments are $125/mo, and interest rate is only 1.6%.
It seems logical to invest since even conservative returns over the 10 year repayment period would more than make up for the low interest, but there’s also the psychological benefit of being completely debt free for the first time in my life. (I paid off my credit cards and other debts first.)
Submitted September 30, 2018 at 03:02PM by underwaterllama https://ift.tt/2y2SqMc
