Consolidating student loans advice Chat cames
If you’ve graduated from college or graduate school in the last decade, I don’t need to tell you that college tuition is rising at an unsustainable level or that we are graduating with monstrous student loan debts—to the point that Americans’ total student loan debt has surpassed our credit card debt for the first time in history.
shows you charts of your loans by balance, payment, and APR, so you know where to focus your payments.
You can also get targeted advice on applying for options like deferments, payment plans, forbearance, or consolidation.
Although you might squeeze average annual returns of 12 percent or more out of the stock market, you can’t count on it.
This is where the decision gets tricky: It all depends on the average annual return you expect to earn from your investments and how that compares to your student loan interest rate.
Here are three examples: In this scenario, you have student loans at 5 percent and have a conservative expected annual investment return of 7 percent.