Timeline for I have to pay back my student loan. When is the best time to do it?
Current License: CC BY-SA 4.0
12 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Mar 16, 2023 at 17:02 | comment | added | ohwilleke | FWIW, federally subsidized student loans are frequently forgiven per the loan terms upon the borrower's death if not yet paid in full. | |
| Mar 16, 2023 at 2:53 | comment | added | Harper - Reinstate Monica | @user253751 It could also be a cultural thing: in the USA many companies have abandoned the idea of "dividends", so what would've been dividends is folded into the stock price, making it go up and up. But for an endowment or investment plan like an endowment, dividends, interest and capital gains are all equally useful. | |
| Mar 15, 2023 at 17:38 | comment | added | JeopardyTempest | "Long-term, the stock market pays 5-7% over and above inflation"... and if it doesn't, you'll probably need that money itself more than you'd be glad you paid down your student loan. So either way, the student loan tends to rightly be the last priority. It's the kind of debt that's the easiest to be forgiven later too. | |
| Mar 15, 2023 at 16:53 | comment | added | Mooing Duck | Actually, I begin to think that there's no real reason to pay off a loan this low, even upon death. Pass it on to your children, so they get taxed less and inherit more actual money. | |
| Mar 15, 2023 at 14:13 | comment | added | akostadinov | "the perfect time to pay that off is upon your death" - sounds about the right time to pay off any dept. +100 for making valid point also funny. | |
| Mar 15, 2023 at 13:56 | comment | added | MSalters | "teaser rate" - No, this is a government loan. The reason it's so low is because it's just the Dutch treasury rate. It's literally AAA-rated. It will go up alongside the Dutch treasury rate, since the ECB is raising Euro interest rates to combat inflation. But this rate will remain extremely low, almost certainly even below inflation. | |
| Mar 14, 2023 at 22:14 | comment | added | Harper - Reinstate Monica | @scohe001 Yeah, I'm lampshading that. But by golly, they'll make sure you know who JD Salinger is! | |
| Mar 14, 2023 at 18:26 | comment | added | scohe001 | I'm not sure where the assumption comes from that university diploma implies financial education, but "colleges giving diplomas to people with no financial education" has been my experience in the US at least. | |
| Mar 14, 2023 at 16:58 | comment | added | pjc50 | and you get forgiven any outstanding balance at the end of the period! duo.nl/particulier/repaying-your-student-loan/… | |
| Mar 14, 2023 at 4:33 | comment | added | Harper - Reinstate Monica | @user253751 It's not just the time spent managing the loan. It's also the time spent managing whatever other investments the money is in! Like the goblin says, "time is money, friend". | |
| Mar 14, 2023 at 3:38 | history | edited | Harper - Reinstate Monica | CC BY-SA 4.0 |
added 547 characters in body
|
| Mar 14, 2023 at 3:32 | history | answered | Harper - Reinstate Monica | CC BY-SA 4.0 |