I currently have $30k in savings, and make 5k per month. My expenses are around $2k per month, maybe a little over.
I have $20k in student debt which I was deferring until now. I am in grad school now.
I am torn between:
a.) Paying the debt off in one payment, and financing grad school, with the idea that I will be able to pay toward it (or if something happens and my budget gets tight for a few months, I don’t have to make payments until I’m out of school) b.) Paying for grad school out of pocket, and making payments toward the debt as I can (likely 1-2k per month) even though it will still accrue interest as the months pass
Can someone help me with the pros and cons?
Submitted December 15, 2018 at 09:27AM by allofthecheeseplease https://ift.tt/2rCBBVF
