Currently: Have stocks in a stable company worth 100K~ right now in a regular investing account. Divident income small. Plan to sell them the year I graduate b.c I will have low income and quality for the 0% tax for my income bracket ie. long-term capital gains test.
No income atm other than loans. Also in grad school in a non-liberal arts field so income potential is definate. Have about 80,000K in loans with 6-7% interest rate, which will increase to 120K when I graduate. My current interest rate is 12$ daily or about $4100 yearly. There some loan forgiveness jobs in public service where they give you 50K-or so after working a contract of 2-3 years.
1) Should I aim to pay ~$300 in monthly interest (via flexiable online sidehustle that will not infere) while in school for next 3 years? Will that save me some $$ when I graduate to prevent capitalization of the interest?
2) Is it good idea to save my investment (for more investments, downpayment of house etc) or even use part of it to pay for loan down the road when I graduate ? Makes no sense to use it to pay off the loan when hopefully the market can do better until the election.
Submitted September 26, 2019 at 08:10PM by deepbreaths22 https://ift.tt/2lt8IeW
