Personal loan advice
I'm a rising senior at university and have a SA stint this summer. My question is regarding a bad loan I had to take earlier in college. It's an $18,000 unsubsidized with a 4.75% rate. I'm currently paying $75 each month to maintain the current loan balance. My question is regarding where I should allocate the money I plan to save from my internship. Should I continue paying the $75 each month to maintain my loan balance and and invest my saved money at 5%+ OR do I do everything in my power to pay down the $18k unsub loan as I am literally only paying interest I haven't touched the principal balance yet?
I would continue to invest versus paying off the loan given it's a 4.75% fixed and you can generally get better yield with treasuries or stock right now.
The problem with your comment is that equities are not guaranteed
^^^ Agree
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