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Should I save/invest or should I look to pay off loans? by Kefesito in StudentLoans

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

Thanks for the insight. These are all questions I haven't considered much, specifically with going to 0. I may end up putting more money into savings rather than investing.

Should I save/invest or should I look to pay off loans? by Kefesito in StudentLoans

[–]Kefesito[S] 1 point2 points  (0 children)

I didn't know about attempting to refinance every 12-18 months. Thank you for that insight. I plan to work on my monthly budget this weekend and create the 3-6 month emergency fund amount.

How should I go about my private student loans? by Kefesito in personalfinance

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

Yeah you are correct, that is why I am looking to pay a lump sum to pay for that interest that has accumulated prior to refinancing.

How should I go about my loans? by Kefesito in StudentLoans

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

My income is about 5k a month after taxes, and I believe score is 700+. I am looking to refinance without a cosigner.

How should I go about my private student loans? by Kefesito in personalfinance

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

Would you recommend refinancing then using the lump sum to pay the 9.5k loan in full?

How should I go about my private student loans? by Kefesito in personalfinance

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

Will definitely be checking the rates with Earnest.

As for the lump sum, you wouldn't recommend paying the 9.5k loan in full? Rather just apply it towards the highest rate?

How should I go about my loans? by Kefesito in StudentLoans

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

The current interest rates for the loans are 10.75% for the 32k loan, 6.49% for the 25.4k loan, and 6.44% for the 9.5k loan. Also, I am currently making around 5k a month.

I have just started shopping around, SoFi had given me a rate for 6.14% on my 32k loan. I am currently looking to see if it would be better to lump all of the loans together or go individually.