Money Mail 78 - To Pay Off My Student Loan?
Keep The Change
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Should I Pay Off My Student Loan Quickly?
Last week we briefly spoke about how an interest free student loan could be a good thing right now, especially with the inflation that we have here. Many people are sitting there thinking well what is the point of paying off this debt in the hurry if it's not really costing me anything in terms of interest? There doesn't seem to be an incentive to pay back interest free debt does there. With student loans you do need to pay 12% of every dollar you earn over the repayment threshold. Now many people say that when they pay off their student loans it is like getting a 12% pay rise. Here's a hack for you: continue to live off the same income and store and vest the
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