Thank you everyone for all your great comments and suggestions.
I've dug up my college loan information and it's not the end of the world. I have three loans, one with an interest rate of 7.2% and two with a rate of 2.8%. The first one has a balance of $3,000 and the second two have balances of $19,000 and $17,800.
If I have children, I'm definitely going to plan their college fund before they are born, it's just not worth it to be this much in debt and only be 25! 529, anyone?
I think I can pull off paying the 7.2% interest rate loan fairly quickly, since that's way higher than my savings acct rate of 4.9%. And I'll keep chipping off the higher balances.
College Loans
December 16th, 2007 at 05:45 pm
December 16th, 2007 at 06:25 pm 1197829547
December 16th, 2007 at 07:17 pm 1197832646
December 16th, 2007 at 10:21 pm 1197843662
On the other hand, I think that 2.8% can linger on for as long as it needs to. I wish I had mine locked in at that rate. Wow.
So, you go to Duke or UNC Chapel Hill?