▲ 14 r/StudentLoans
Should I pay off what is left of my student loans?
I am 31 years old and I have about $13k total left to pay off. $4.5k of it is a private loan with 6% interest. The remaining are federal loans with interest rates between 3.5% and 4%.
I have $37k in my savings account. Should I pay them off now using money from my savings and be done with it, or continue making the monthly payments like I have been? I am employed and have a secure job. I don’t make a ton of money (salary is $67k) but enough to comfortably make the monthly payments and still have money to move into my savings each month.
u/crunch_punch — 9 hours ago