Someone wrote in [personal profile] rax 2011-02-05 04:35 pm (UTC)

- Keep hounding them until you find out the interest rate and how it's calculated.

- If it's a subsidized loan, see if you're eligible for deferment (= no interest accumulates) because you're a student.

- If you have enough money in savings to cover your mortgage & bills for a few months of unemployment, plus a couple thou for parts of the house falling off, and your retirement savings are topped off, I personally would then pay down the student loans. My loans are at 3% and my savings with SmartyPig is at 1.35%, so it's a no-brainer, but even if it were a closer match I want them gone since that gives me more flexibility in the future.

- All of my current financial goals are in the ~5-year range, so none of my savings is in investments either. (Except retirement stuff, of course.)

- lb

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