I have 20k in loans. 12k subsidized, 8k unsub. I have 30k invested in the stock market. I'm debating if I should sell my stocks to be debt free or just make minimum payments. Interest rate is 4.5-5.5% depending on the loan.
About to graduate with 20k in loans, how cooked am I?
byu/megamemelord421 inStudentLoans
Posted by megamemelord421
4 Comments
Id cash in and pay it off honestly. Debt over your head is never good. The market could crash tomorrow, but your debt is staying
$20k is a used car worth of money. The word cooked should not be in your vocabulary.
I owe 92 what’re you on about?
Keep the stocks for now unless it’s a brand new portfolio and not a tax advantaged account. The penalty will be either cap gains tax on growth or penalty from moving out of tax advantage. Focus on paying the loan off after you graduate. In July switch to rap which will likely be a full interest subsidy on your income.
In the future I would recommend a emergency fund not invested but rather in a hysa. In the event of short term market volatility it’s better to have cash rather than equities.