Should I Pay Off My Student Loans Early?
It is very common to graduate with student loans. Many people carry the student loan debt with them, even when they do not have any other debt. You may be wondering if you should include your student loans in your debt payment plan or if you should pay your student loans off early. You should pay off your student loans as quickly as possible. 1. Lower Your Debt to Income Ratio One good reason to pay off your student loans is that it will lower your debt to income ratio. This means that you have more money available to you when it is time to buy a house or make other decisions. You will not have the commitment to make that additional payment every month. This frees up your money, and you have the opportunity to invest it and really begin to make money. zSB(3,3)2. What About the Tax Break? One common misconception about student loans is that you should keep them for the tax bre
