Consolidating student loan with buying a home

03 Feb

Sure, if you’re 18 and have the foresight to choose a reasonably priced college and an in-demand field of study, great.

I made a spreadsheet with all of my student loans, their balances, monthly payments, and interest rates.

I then set up automated monthly payments through each student loan servicer’s website.

Although I personally believe you’ll do better than 5 percent investing in stocks over the long run, many people may disagree.

In this case, whether you invest or repay the loan early, you come out even.

With federally guaranteed student loans, you don’t have that option.

Even bankruptcy does not relieve you from paying student loans.