Student Loan

>>2947169
Eliminating debt is always worth it unless you need that money to otherwise survive

Buy espers

>>2947169
Buy sigt

>>2947194

sir,this is a great idea..

>>2947169
You only get to write off interest if you itemize. It only makes sense to itemize if you can come up with more deductions than the standard deduction, which is $6,350 for 2017.

Nobody's this stupid.
Let's say you make 50k, have 15k in loans.
You can write off only the INTEREST PAID on the 15k and pay taxes on something like 45k, plus still owe the 15k and be making minimum payments, or you could have the loan paid off and not be paying on that, and just pay the tax rate only on 50k.
Obviously you get the loan paid off.

>>2947188
>>2947204
>>2947205
That's what I thought since it makes the most sense. appreciated.
>>2947194
>>2947201
I'm buying litecoin fags

>>2947227

>buying Litecoin

Same here

Also just refinanced about $10K in federal loans for almost half the rate I've been paying.

>>2947169
>paying student loans
>not living in a socialist utopia

feels good deferring loans every 6 months

File: download (16).png (89KB, 826x777px) Image search: [Google]

89KB, 826x777px

Rich and stuped?

>>2947205
The one other argument is that if your returns can beat the interest rate on a loan, you could consider delaying paying in full.

If I have $100k in loans and ~$100k in cash and the loans are only 1% and I can expect 7% returns, it'd be better to keep making minimum payments because I'll earn more in the long run.


Of course student loans tend to have shit interest rates and you can't be that confident of market returns over a year or two

>>2947188

That's not true. Look at any public company.

>>2947204

Not true, student loan interest is above the line on taxes, which is highly advantageous.

>>2947205

He could take take the money he would have been paying back and invest it in a mutual fund. He will make out better in the long run with net present value analysis. Include inflation in that calculation and you realize the bond holders are the cucks.

If your interest rate is less than 4.25% (prime currently), you should probably keep the leveraged position and slowly invest the rest in VTI or a S&P 500 index fund.


These people have no idea about financial concepts and most likely still live at home. 99% of what you read on here is either just wrong or bad advice.