Pay off fertility loan early?
I inherited money that I can use to pay off this loan early. I’m an English teacher, and finance is not my best subject. Is it a good idea to pay it off asap? I don’t need the money for anything else in particular right now, and I think maybe it’s not enough to be advantageous to invest. Help?
Outstanding Principal $16,231.90.
Original Amount $20,411.99.
Open Date 10/26/2024.
Maturity Date 07/05/2030.
Interest Rate 13.7400%.
Total Interest Accrued $73.33.
Per Diem $6.11.
P&I Payments Due $472.20.
Total Current Balance * $16,305.23
u/Renee5285 — 22 hours ago