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/biz/ - Business & Finance

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18013982 No.18013982 [Reply] [Original]

With student loan interest rates going to zero, is it still the best strategy to put most of the money towards the largest loan, or should I try to knock out a smaller one instead?

>> No.18014010

>>18013982
highest rate, but take your time. make sure you will continue to have income over the next few months before getting aggressive

>> No.18014355

I have $32,000 left. I’ve laid off about $18,000 already. I’m not sure if would be wise to make any large payments. I have a feeling we’ll get some cancellation. I have about $65,000 saved but would like to save as much as possible in case I or one of my parents lose their job.

>> No.18014385

>>18014355
Paid off*

>> No.18014423

>>18014010
pretty much this
smartest strategy is (almost) always to pay off the highest interest rates first and work your way down, but debt is less urgent than continuing to have a house

>> No.18014705

>>18013982
Right now objectively your best strategy is to hold off paying them back at all until interest rates resume
The dollar is going massively up in value right now so you should hoard them and then buy investments cheaper

>> No.18014727

>>18014705
I am going to take out more loans, starting graduate school right now.

>> No.18014744

>>18014727
If hyperinflation occurs your loans will become nothing so probably a good time.

>> No.18014809

Hold onto your cash right now.
If shit gets real bad you need to eat and have a roof over your head.

>> No.18014944
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18014944

>>18014355
Hold off. Zero rates mean you literally don't get penalized for not paying...so why the fuck would you pay NOW rather than before? I don't get the reasoning here.

Don't pay.
ANYONE who has a student loan RIGHT NOW, don't pay. The government gets its money from student loans, and the lack of payments will mean that they will fucking collapse and will be forced to overhaul the system entirely.

We have the future in our hands. They've jewed us hard and it's time for them to pay. They put all their eggs in our basket and we have the hammer to smash it now, and may not get that hammer again for another century if we let this opportunity pass. DO. NOT. PAY. YOUR. LOANS. DON'T PAY. ZERO INTEREST MEANS NO PENALTY. DON'T PAY. WORSE CASE SCENARIO, THEY PUT INTEREST RATES BACK UP AND YOU JUST PAY LIKE NORMAL, BUT UNTIL THEN THERE'S NO REASON TO PAY A SINGLE DIME.

Stop paying.
Seriously, STOP.

>> No.18015040

>>18014944
>20 years go by

Vell Goyim, it says right here, you failed to pay your goyloans for many months. If you want this house...your interest is going to be 15%...how can I trust you when you’re known for not paying your goyloans?

Just pay the min amount you stupid fucking idiots

>> No.18015314

follow the news closely.
if it's looking like the corona situation won't be solved anytime soon,
and the fed keeps on printing and giving away money (which is pretty much the only thing they can do),
then it means inflation is coming so try paying the least on loans and mortgages