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Is it wrong to fund retirement and investments while I still have student loan debt?

student debt



I have tyro loan debt with flattering low seductiveness rates (5% as well as 3% respectively). Is it improved to put additional income toward profitable off a tyro loans quicker or putting that additional income in to an IRA and/or great mutual supports that would perfectly consequence a aloft seductiveness rates than a loans?

This entry was posted on Monday, February 8th, 2010 at 12:50 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Is it wrong to fund retirement and investments while I still have student loan debt?”

  1. If your student loan rate is low enough (and yours is) this is a good idea. Even better if you sign up for a 401K with a match by your employer.

  2. Depends………what is the intrest rate on your student loan….what is the return on your investments….

  3. Sounds like you can make money investing – more than you are paying out – espcially if you have a company match for your funds.
    Still, a lot depends on your job situation. If you have any risk there, you may be better off plowing all your money into those loans and paing them off. That way if you lose your job, you don’t worry about the debts.

  4. try never to pay off those debts

  5. Hi,
    I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate. I came across this company on NBC News Special Edition.Check it out here:

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