Thursday, September 16, 2010
Should I pay off one of my student loans if I have the money?
I have a student loan that has a repayment balance of about $1100. (No, that is NOT my only student loan-i wish :) Right now, I have enough money saved up that I can just pay that loan off altogether, however, it will put a dent in my savings and I haven't touched my savings at all. I would just love to have one less bill to worry about per month. I don't make a lot of money (so much for college) so saving a grand would take some time. So should I pay off and hurt my savings, but leave me with one less bill OR should I just continue making my monthly $50 payments?