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Money Mail 78 - To Pay Off My Student Loan?

Keep The Change

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How to Pay Back Your Student Loan

If you're thinking about getting a student loan or going into some form of cheap debt, never worry about the money that you're spending now when it's not costing you any money. You need to figure out your personal preference and how you feel about debting your relationship with debt. Maybe you want to buy a house, but you've got a student loan there, for instance. Should I be paying the minimum 12% or should I be paying it faster? We don't know these things until we go to do them and then we end up gutted that we didn't know them at the time.

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