This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/afford-pay-off-student-loans-but-will-not/
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Using a combination of investments, savings, and equity in our home, my wife and I could pay off all of our student loans.
But we won’t.
This may sound odd. After all, who wouldn’t want to be done with student loan debt forever?
It’s a fair question, but pulling tens of thousands of dollars out of the stock market, raiding our savings, or even selling our home to pay off the debt would be a mistake.
To help you understand why we won’t pay off our student loan debt, let me first give you some background on our student loan situation.
Our Student Loans
We currently have six figures of student loan debt.
When my wife and I finished undergrad we had approximately $100k in student loan debt between the two of us. We both went to private schools in the Minneapolis-St. Paul metro area, and to be quite frank we were lucky we didn’t leave with more.
Both of us value our experiences at our respective colleges. We both are lucky enough to work full-time in what we went to school for. But $100k, or about $50k each, felt like a lot.
My wife and I… Read More
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