With all the anticipated changes announced for the SAVE plan, would it be wise to go ahead and pay off my student loans and be done with them? I have an emergency fund, 401k, investments, etc.
Paying Off Student Loan During SAVE Forbearance
byu/Classic_Access3714 inStudentLoans
Posted by Classic_Access3714
2 Comments
Unless you’re planning to achieve forgiveness (like PSLF) and the path towards forgiveness is cheaper than repayment, then just pay them off…
The logical decision depends on what your interest rates are. Some people value the psychological benefit of paying them off and would rather just have them off their plate even if the math says it would be better to keep them.