Details: I graduated college in 2017, currently making $65k a year and have been paying $500/month on a 20 year plan with a $277/month minimum. The interest rate is 4.125% and I currently have around $30k left to pay.
I'm trying to decide if it makes more sense to just pay the minimum every month and put the difference towards investing (which I know isn't a ton but still). Lots of people say that for lower interest rate loans, it's better to invest for a higher return. Does it make more sense in this scenario to pay off fast, or just go forward paying the minimum since it's not such a high balance / interest rate to begin with? Thanks everyone!
Submitted May 29, 2019 at 09:48AM by HirtLocker128 http://bit.ly/2IiS8pJ
