Student Loans
HI there
Is it better to pay off students loans as fast as possible or just pay minimum payment because of the ability to claim the interest come tax time. I would think financially it would make sense to pay it off as soon as possible right, I wouldn't think that the interest tax break would make much of a different. The loan amount is about 10k and monthly payments are 125ish lasting about 9.5 years at minimum payments.
Is it better to pay off students loans as fast as possible or just pay minimum payment because of the ability to claim the interest come tax time. I would think financially it would make sense to pay it off as soon as possible right, I wouldn't think that the interest tax break would make much of a different. The loan amount is about 10k and monthly payments are 125ish lasting about 9.5 years at minimum payments.