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llmalone62
Posts: 2
Registered: ‎09-29-2009
Re: Student Loan Payoff? Should I?
First off how much of a tax advantage are you receiving when you file your taxes? I really don't see much of a tax advantage so I would pay it off. Take that 200.00 a month you are paying for the student loan and put it in savings so instead of paying interest you will be earning it. If you decide to buy that condo you will have no debt ratio and that will help you in getting the property you want. The recommended amount you should have in savings just in case you lose your job is one years of salary and you are well over that. Keep up the good work.