In your opinion, what do you think is easier to manage: $60,000 in student loan debt (with no credit card debt) or $40,000 in credit card and student loans?
2007-02-24 13:26:10 · 5 answers · asked by Mary Rashelle 2 in Business & Finance ➔ Personal Finance
I would try to get rid of the credit card debt first. You would be getting an instant 15-18% return on your money (that's because they're charging you that in interest) so pay yourself first. Now with student loans you right off the interest on your federal taxes (I'm not sure how much). Remember interest from credit cards you can't write off. Hope I helped.
2007-02-24 14:18:55 · answer #1 · answered by anonymous 1 · 0⤊ 0⤋
Student loan debt.
2007-02-24 14:46:08 · answer #2 · answered by Mimi 6 · 0⤊ 0⤋
Student loan debt's easier to pay off since they have very low apr. credit card debts (depending on your credit) can have a low or a very high apr. If it has a low apr, it's still not as low as the student loan apr.
2007-02-24 13:35:52 · answer #3 · answered by lov308 2 · 0⤊ 0⤋
depends on the interest rate of both. student loans, are however, less expensive to have than credit card debt.
2007-02-24 14:00:17 · answer #4 · answered by Debt Free! 5 · 0⤊ 0⤋
If by manage you mean keep on top of, it's always easier to manage one item than multiple items, even if the one item is a bigger dollar amount.
2007-02-24 14:34:51 · answer #5 · answered by Brian G 6 · 0⤊ 0⤋