How can I pay off my student loans quickly and safely?
How to Pay Off Student Loans While Building Wealth Here’s a piece courtesy of Marotta Asset Management on how to pay off student debts while also building wealth: The average college student graduates with almost $20,000 in student loans. While this is a daunting sum, it is still possible to build wealth even while paying off student debt. But earning the degree and paying for the degree require two different kinds of smarts. In fact, some students may be better off not taking their parents’ advice on how to get out of debt. Unlike most types of debt, student loans are usually best when paid as slowly as possible. Almost all debt is bad debt. But, there are two important exceptions to this rule: home mortgages and student loans. Diligent savers can use these types of debt to their advantage. Students often assume the best thing to do is to pay off student loans as quickly as possible.
How to Pay Off Student Loans While Building Wealth Here’s a piece courtesy of Marotta Asset Management on how to pay off student debts while also building wealth: The average college student graduates with almost $20,000 in student loans. While this is a daunting sum, it is still possible to build wealth even while paying off student debt. But earning the degree and paying for the degree require two different kinds of smarts. In fact, some students may be better off not taking their parents’ advice on how to get out of debt. Unlike most types of debt, student loans are usually best when paid as slowly as possible. Almost all debt is bad debt. But, there are two important exceptions to this rule: home mortgages and student loans. Diligent savers can use these types of debt to their advantage. Students often assume the best thing to do is to pay off student loans as quickly as possible. The sooner you pay off your loans, the sooner you can start building wealth, or so the thinking goes.
