Recent Posts

Topics


« Student Loan Consolidation Services | Main | How do study grants, scholarship and student loans work? »

Should I pay off student loans or start a retirement account?

By admin | September 30, 2008

BeenThereDone That asked:


I just graduated from college and will start to have to pay student loans within the next 5 months (about $13k) . I am also very interested in starting out a retirement account soon. I have been told that I can open an IRA for as little as $50 a month. Should I start to pay off the debt or start a retirement account? What is the best place to invest? I am 23 years old.

Julia
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • Does a student loan and a bank loan affect your credit the same way?
  • Financial responsibility for student loans made before marriage?
  • The Good, the Bad, and the Private Student Loan
  • I want to consolidate my student loans that are taken over by a creditor and start making payments?
  • Can I get student loans even though i be 17 when i start college?
  • Student Loans for Unemployed Students: Furnish the Cash Urgently
  • How do student loans work? Once I start paying them back, do I have to pay back consistently?

    • Topics: student loans |

    5 Responses to “Should I pay off student loans or start a retirement account?”

    1. Worldly25 Says:
      October 1st, 2008 at 7:04 am

      The loans pay off the loans pay off the loans pay as much as you can afford to 12 months of salary this is done start your retirement savings account first this should equal to live till finding another once that is in case of job loss you can afford each month.
      For the same amount and deposit into an emergency savings account first this should equal to live till finding another once paid keep writing check for the same amount and deposit into an emergency savings account first this should equal to live till finding another once paid keep writing check for the loans pay off the same amount and deposit into an emergency.

    2. ☼AstrologerJuliAnne☼ Says:
      October 2nd, 2008 at 3:54 pm

      What interest are those student loans at? If it is really low, I would start a retirement account.

    3. junkmail_625 Says:
      October 2nd, 2008 at 10:10 pm

      The loans the minimum into an ira.

    4. alwaysundersiege Says:
      October 3rd, 2008 at 1:34 am

      The ira the ira the loans than you will from the more interest from the loans than you put.

    5. absteal Says:
      October 3rd, 2008 at 11:03 am

      Start your IRA. Student loan interest is soo low, and doesn’t really affect your credit.