I'm contemplating the state of mind required to write the bolded sentences in the quote and will simply say that you have my sympathy.I'm thinking of paying my student loan 1st. I'm worried that if in my worst case scenario something happened to me, payments wouldn't just default. They would go after my family/loved ones. However, mathematically it makes sense to attack the highest interest loan first.
While student loans are a huge burden for a lot of people and are difficult to discharge through bankruptcy, they are dischargeable in death. Take a look at https://www.forbes.com/advisor/student- ... n-you-die/. Hopefully this allays your concern.
With that out of the way: Pay the higher interest loan first like you were already thinking to do and like rogue_economist suggested.
Statistics: Posted by blortchplop — Fri Nov 01, 2024 1:15 am — Replies 5 — Views 136