Ask Terry Questions Student loans

Student loans

By Terry Savage on April 11, 2022 | College Savings / Student Loans

I have 2 girls let’s say they each have $60,000 in federal loans.
$35,000 unsubsidized at 4.9%
$25,000 subsidized so 0%

They’ve saved money so they can pay off $45,000 in august. But should they? Should they take that money now and invest it?

Terry Says

No. Keep the money in savings, and let’s see what develops with student loan forbearance, and possibly some forgiveness!
You dont want to risk losing this money in the market!

money

ASK TERRY

a personal
finance question