Actually that’s not a smart play. Government backed public student loan debt sucks for society, but it’s ‘good’ debt to an individual. If you don’t have private loans, there’s no reason to pay off any student loans with a rate generally below a 4-5%. You’re better off minimizing your payment and investing the rest and turn a 6-10% yearly with it.
Besides. It’d be my luck I make my last payment right before they wipe them all. (Not likely or desired...I’ll pay my debt back, but that’s exactly what would happen; I know it!)
The sneaky, low risk, cleverly smart play is to make money with money that costs nothing, so you have more money at the end of the year, and can pay off the loan quicker overall.
Actually that’s not a smart play. Government backed public student loan debt sucks for society, but it’s ‘good’ debt to an individual. If you don’t have private loans, there’s no reason to pay off any student loans with a rate generally below a 4-5%. You’re better off minimizing your payment and investing the rest and turn a 6-10% yearly with it.
Besides. It’d be my luck I make my last payment right before they wipe them all. (Not likely or desired...I’ll pay my debt back, but that’s exactly what would happen; I know it!)
Smart play is owing nothing to nobody, imho.
Certainly won’t argue with that.
The sneaky, low risk, cleverly smart play is to make money with money that costs nothing, so you have more money at the end of the year, and can pay off the loan quicker overall.