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Patrick H
Friday, December 28th, 2007, 05:16 PM
OK so currently I have about $10K saved up. I am also expecting a $35K inheritance check within the next year. In addition, I have about $34.5K currently outstanding in student loans which I will be paying at about 6.5%. My question is whether I should use that inheritance money to pay off the student loans all at once immediately or should I keep that money and do something else with it (invest etc..)?

popowich
Friday, December 28th, 2007, 05:18 PM
Hell no! Invested conservatively the average market return is still like double the rate you are paying on your student loans. Student loans are one of the few debts I don't mind not paying off as fast as I can. The money can be better invested elsewhere.

-Raymond