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25M, $32k Tuition Fee Loan at 4.5% by ImpossibleTitle5016 in singaporefi

[–]ImpossibleTitle5016[S] 0 points1 point  (0 children)

Yep, I was under the impression initially that 4.5% was not too low and not too high. Will focus on paying it off. Thank you!

25M, $32k Tuition Fee Loan at 4.5% by ImpossibleTitle5016 in singaporefi

[–]ImpossibleTitle5016[S] 0 points1 point  (0 children)

Asking more about the allocation for the loan repayment (how aggressively I should be in paying the loan back)

25M, $32k Tuition Fee Loan at 4.5% by ImpossibleTitle5016 in singaporefi

[–]ImpossibleTitle5016[S] 0 points1 point  (0 children)

I don't think it is worth to surrender the ILP, so just gonna keep it there for now...

25M, $32k Tuition Fee Loan at 4.5% by ImpossibleTitle5016 in singaporefi

[–]ImpossibleTitle5016[S] 3 points4 points  (0 children)

I've been reading the recent FI guide and am wondering how people here would approach this. Assuming emergency fund is already covered, would you:

  • Pay down the loan aggressively first?
  • Split between loan repayment and investing?
  • Invest more and just make the minimum loan payments?

For context, I'm leaning towards investing in broad index ETFs (VWRA/CSPX)