Would you rather pay of student load or start saving?
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bjorn
Apprentice
Joined: 02 Apr 2005
Posts: 7
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 Posted: 05/08/08 - 05:25 Post subject: |
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| Next year I am planning to finish with my studies. For now I have only had some part-time jobs so I really havent managed to spare some money for savings. I dont have to point out that I have a student loan on my neck. Would you rather pay of student load or start saving? |
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hamish
Apprentice
Joined: 12 Sep 2005
Posts: 7
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| Posted: 06/06/08 - 21:09 Post subject: |
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| The student loan is the best debt if that can be said for debts. It is practically with no interest and being so cheap if you use your savings money to pay them off you can get in a worse situation. That money you can save can help you with making a profit. If you pay of that loan you must borrow money elsewhere and that you can get in some real debt. So paying it of slowly is the best way. |
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