I have $6,445.47 in student loans. I made a few payments during the pandemic and I'm kicking myself for not paying when there were 0% interest rates for so long,
One is a direct unsubsidized loan of $2,000 - the balance is currently $1,711.96 with an interest rate of 4.530% (Fixed). The second is another direct unsubsidized loan of $5500 - the princial balance is currently $4,708.04 with an interest rate of 4.530% (Fixed).
I make roughly 105k annually (65k base + bonuses). I currently have a little over 60k in savings. I have no other debt. I live in a very HCOL city but I split a lot with my partner.
I really want to pay it off in full because I really can't stand the thought of paying interest. However, there are people in my life who told me I shouldn't do this because I should "leverage my debt".
What would you do and why?
Submitted October 03, 2023 at 09:41PM by fruitandcheeseexpert https://ift.tt/mL2ec6r
