u/InternetMan_67

I just received a $35K settlement check, and I currently owe $43K in student debt at an average interest rate of 7.5%. Should I continue making $1,000 monthly payments (minimum is $430), pay off the loan using the settlement plus $8K from my $30K savings, or invest the money in the S&P 500 ETF and keep making the $1,000 payments?

I just received a $35K settlement check, and I currently owe $43K in student debt at an average interest rate of 7.5%. Should I continue making $1,000 monthly payments (minimum is $430), pay off the loan using the settlement plus $8K from my $30K savings, or invest the money in the S&P 500 ETF and keep making the $1,000 payments?