Should i switch over loans? Long story short, I had $17,000 in credit card debt, and the high interest rates were leaving me with little to no money at the end of each month. To manage, I took out a $16,000 debt consolidation loan through Upstart (the maximum I could get—at 17.74% interest.) This helped free up some money each month. Now that my credit has improved signifi…

Pay of 40k student loans or buy a house? I’m 25. Will make between 20k-40k when my house sells. Is it smarter to pay off my loans & get an apartment or invest in another house? submitted by /u/Environmental-Ad1880

20, College Student, Pay off loans or invest? I am a 2nd year Mechanical engineering student, who is about to come into $4,000 which is a lot of money to me. I live at home and have taken on $15,000 in loans at 6.5% interest. I make monthly payments that essentially cancel the interest. I have been so focused on paying for school (I’ve contributed $10,000 besides the loans) that I haven’t s…

Student Loans are $57K and have 30K in savings Should I put all of those savings and pay off that chunk of my loans? I’m going back and forth on if I should just pull the trigger. I acquired 30K in savings during Covid and it feels like free money. Would it make sense to just throw it all at my loans? submitted by /u/fake_cowboy88

Savings vs Student Loans For some context, I recently graduated from college with a physics degree and have about $28k in student debt. About a month ago I got an entry level lab technician job at an Optics Lab that pays about $19/hr with the promise of easy raises because of my education, and I take home just over $600 a week. I’ve got about $14k in the bank right now …

Should i invest now or save up to not have any student loans? Okay, so I am at a point where I trying am learning to become financially literate. I’m also just beginning college. Currently, I am in community college before I transfer over to a bigger 4-year university. My dilemma is that I want to invest currently but obviously am limited on my income before I graduate. I also have a car note with around 1…

HELOC or 2 separate loans I am looking for advice. My car was hit in a hit and run (wasn’t able to get the persons plate number). The car is possibly being considered totaled by my insurance company. It is a used car with a car note on it. The payout will most likely only cover the car note with nothing extra. I also need to take out a $15,000 personal loan. My question …

An Eternity of Student Loans I’ve been dutifully paying off my student loans for the last billion years or so and am looking to get aggressive to get these paid off once and for all. I guess I’m finally coming to terms with the fact that no loan forgiveness is coming my way, lol. If it’s relevant, I make too much money for any other kinds of federal aid or revision in repay…

How would you tackle these Parent Plus Student Loans My wife and I decided to take on ownership of her student loans that her mother took out. I have $62,774.49 earning 4% in a HYSA I have a goal of having $60,000 in an emergency fund I can allocate $4,000 a month to savings The student loans… $16,682.66 at 7.9% (minimum payment: $301.40) $11,555.56 at 7.9% (minimum payment: $193.22) $5,650.80…

Should I sell stocks to pay down car loans? Currently have 2 car loans: Owe $4000 at 6.4% on Car 1 and $24000 at 8% on Car 2. I have $7500 in stocks and $20000 (5 months expenses) in savings/emergency account. Should I go ahead and pay off Car 1 without touching stocks/emergency fund or should I pay off Car 2 by selling stocks and using most of the savings? I’m also saving around $1000 a …

Should I use my 529 toward my husband’s student loans? I (26f) have had a money in a 529 account since I was a kid, but because I went to school for free at the college my mother taught at, I did need to use most of it. There is currently about $45k I recently married my husband (28m) and now have full control of the account. He graduated law school two years ago and is a public defender. If you kno…

Student loans or keep saving for down payment? Hi I just got out of grad school and have 30k student debt. I make 72k in very low cost of living and low income tax state. I make 4k and only spent 2k a month. I’m wanting to be debt free and own a home in the next 2-3 years. I have 44k in a high yielding savings and 10k in roth. Do I just pay off the 30k today? Or hold on to buy a home? I q…

Question about roll over auto loans I just have a question about how these work. From my understanding if I have loan for 18.5k with 13k left and my car is worth 9k that last 4k goes into the new loan of a car I would try to finace. Would I still need a down-payment got the new loan or is the toal of both loan added together minus what my vehicle is worth? If it works as I think m…

NYCFC loans Sands to Bundesliga side St. Pauli New York City FC loaned homegrown midfielder James Sands to the German Bundesliga side FC St. Pauli.

Start saving for a house down payment or pay off student loans I’ve been focused on paying off my student loans for the past year using the avalanche method but I’m planning on buying a house with my fiancé in the next 1.5-2 years and I’m not sure if I should keep prioritizing my student loans or start saving for a down payment. Current Salary: $175,000 (~$10,000 take home every month) • Federal Student Loa…

Biden Withdraws Proposed Regulations on Student Loans and Trans Athletes The decision to withdraw the regulations seemed to be an acknowledgment that they would go nowhere under the Trump administration.

Loans, loans, loans.. what kind? We want to add an addition on to our house. Our house is now estimated to be worth double of what we paid 13 years ago. In also really need a new car. I am afraid if I get a car now, when I go in for the home improvement loan, it will look bad to have a new loan on our credit. My husbands credit is better than mine, but I make more than him. Can…

Saving for Grad School to Lower Loans vs. Maxing out Retirement Accounts I’m a registered nurse and small business owner who will be applying to certified registered nurse anesthesia (CRNA) programs next year and I’m unsure how to go about approaching my finances for school. My salary will likely double upon graduation, and many anesthesia groups are offering sign-on bonuses and partial-to-full-tuition reimbursement …

Pay Off $10,000 in Student Loans (5% – 7% interest) Or Invest? I’m 23 years old, my income is $73,000 a year and currently have around $10,000 in student debt. The debt itself is made up of four separate loans ranging from 5% to 7% interest. My payments are $123 a month. I already have a 6 month, $15k emergency fund, plus $2k in savings that I’m building for buying an apartment down the line (All of it in a…

Student loans or retirement Wife and I are in our mid-30’s and have been married for 10 years, have a two year old and another one on the way. Bought a house right before the pandemic in a MCOL area ($2200/month for 30 years). Combined income: $160,000/year Combined retirement: $130,000 ($40k in Roth IRA, $90k in 401k) Current 592 for kid(s) balance: $15k Student loans: …