this post was submitted on 02 Oct 2023
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askchapo

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Are you guys actually repaying your student loans (hexbear.net)
submitted 1 year ago by CantaloupeAss@hexbear.net to c/askchapo@hexbear.net
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I was pre-covid, but rn I can't conceive of a world where I'm actually about to cut these vampires a check

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[–] macerated_baby_presidents@hexbear.net 4 points 1 year ago* (last edited 1 year ago) (1 children)

I have $33k of loans I think and enough liquid assets lying around to pay them off. Later this month (or whenever the due date is idk) I will check what interest rate the loans are at, if (a) market rates are better than I'm paying on the loan (b) if that difference is actually enough money to be worth the trouble of keeping around a student loan forever. Like if it was a hundred bucks' "pay" for ten years of managing $33k student loan + $33k slightly better investments I'd give up $100 to not have to keep messing with it. If it is a few thousand I'd probably do it. One-year CDs pay like 5.5% APY right now, I'm sure the stock market is nuts. Haven't looked at my finances in a bit.

Also I fucking hate these guys and don't want to give them any money