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Should You Invest or Pay Off Student Loan Debt?

Written by: Therese (she/her)

2 min read | Published: September 12, 2024

Image for Should You Invest or Pay Off Student Loan Debt?

Deciding whether to invest money or use funds to pay off student loans early can be a challenging decision. Both options have their advantages and can significantly impact your financial future. Here’s a breakdown to help you make an informed choice.

Understanding Interest Rates
Benefits of Investing Early
Benefits of Paying Off Student Loans Early
Balancing Both
Personal Financial Goals

There’s no one-size-fits-all answer to whether you should invest or pay off student loans while in college. It depends on your individual financial situation, goals, and the specifics of your loans and investment opportunities. Balancing both strategies by paying off high-interest debt while making small investments can also be a smart approach.

Sources:

https://www.forbes.com/advisor/student-loans/pay-off-student-loans-or-invest/

https://www.nerdwallet.com/article/loans/student-loans/save-invest-pay-off-student-loans

https://www.bankrate.com/loans/student-loans/pay-off-student-loans-or-invest/

https://collegefinance.com/student-loans/is-it-better-to-pay-student-loan-debt-or-save-or-invest

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