Student loan payments and opportunity costs

I’m about to graduate college and enter a very well-paid job in an inexpensive area. I am confident that I could repay my student loans much sooner than ten years, but I am wondering whether this is the right approach because there are a number of opportunity costs. To take one example, the interest rate […] Read more
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Can I and should I put my dad's Parent PLUS student loan under my name?

My dad took out a loan for me to go to school that currently has a principal of $58,000. Its interest rate is 7.5%. Even though it’s not technically my loan, I’m paying all of it by the agreement my dad and I had before I went off to school. If I refinanced it with […] Read more
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Pay down mortgage or low interest student loans

I have both a mortgage and student loans, as many now do. My mortgage is at 5.5 % with ~ $250k balance and my student loans are at ~ $98k with 2.125 % interest. The remaining number of payments are about equivalent (~25 years). So, the question is does it make more sense to pay […] Read more
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What are the downsides to refinancing student loans?

I have two large student loans right now (one private one federal) that are through two separate services. As of now, these loans have recurring payments at different times of the month and have floating interest rates that usually stay around 6-7%. In total, my payments each month going towards loans are about $900 and […] Read more
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Do I have an option to transfer parent plus loans to myself?

My wife and I are currently about to start our payments for student loans. All of our loans are federal student loans through Direct Loans. We also have a parent plus loan, which is technically under my mother-in-law’s name. However, we will be making the payment on this loan. It seem to me that if […] Read more
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Received federal student loan collection letter, but never had one. What to do?

Yesterday I received an unexpected letter in the mail, a federal student loan collection letter from ConServe collections. I’ve never had a federal student loan, so it was quite surprising to receive such a gift! The letter is a little strange. It has my full name on the address header, but not my correct address. […] Read more
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Strategies for paying off my Student loans

For some background info on myself, I just graduated college a bit over a year ago with a Comp Sci degree. I’ve saved up just enough to pay off my student loans in its entirety, however, I have delayed paying them off fully because I was saving money for a possible tech start up. I’m […] Read more
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Is it possible to go to graduate school if I have debt?

I already have substantial debt in the form of personal loans ($15k). The student loans only cover the cost of tuition and living expenses, and of course does not cover existing debt. I was offered a fellowship, but it negates the amount they offer me for student loans. The school I am looking at is […] Read more
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Taking a student loan without any history of credit?

I’m 18 years old and I’m considering taking a student loan as all the alternatives are exhausted and I can’t continue my undergraduate studies without a loan. I don’t have a history of credit and my father’s credit isn’t shiny as well if he wanted to be the co-signer. I still try and look for […] Read more
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Should I use my non-tax advantaged investment account to pay off debt?

Hello Personal Finance! So about 8 years ago, I got into a bad car accident which was not my fault, and which I sued the driver because they tried to drive away afterwards. I got a large settlement of about $32k, of which I did the following with: Put 16k in a CD (stupid, I […] Read more
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