Is it better to pay off state-managed college tuition (509?) at once, or is it better to invest the wholesome somewhere else?
Please see below options and advise me the best two options:
a. Pay off
b. Invest in mutual funds
c. invest in stocks
d, Park the entire amount in CD
e. Save in savings
f. Just do the monthly
g. Pay half now and pay the rest monthly
2006-08-27 00:28:15 · 2 answers · asked by HopHop 1 in Education & Reference ➔ Higher Education (University +)
Depending on the interest rate of the loan, if it is high, pay it off. If it is a lower rate than any credit card debt or other consumer debt, pay the higher rate stuff off first and keep the student loan.
If you are keeping the student loan to reduce your debt percent, pay monthly.
Mutual funds are pretty safe and will make money in the long run, but find one that has given percentage return greater than the int on your school debt.
Stocks are risky and right now they are talking about recession so it's not time to buy yet.
CDs are very safe but not much return. It IS guaranteed, but not very good return.
2006-08-28 14:36:45 · answer #1 · answered by Ken C. 6 · 0⤊ 0⤋
you're possibly filling it out wisely yet there is different techniques. you are going to be able to desire to ask your college in the event that they have any scholarships that are available. additionally how previous are you in case you have reached 25 you're able to document on your guy or woman and can get very final help.
2016-09-30 01:15:31 · answer #2 · answered by Erika 4 · 0⤊ 0⤋