paying off student loan debt

[wdwpluto]

Since my student loan interest rate is so low, I generally focus extra money on paying off my car loan. But I do make at least 1 extra student loan payment a year (I just add 1/12th to each payment). I'm operating under the same theory as a mortgage - if you make 1 extra payment a year, you can substantially reduce the # of years of the loan (I have a 20 or 30? year loan w/ low payments). Anyone know if this theory holds true?

 

[harleyquinn]

Thanks everyone! All the advice is much appreciated!

Since the interest rate I've locked in is so low, I think I'll focus on the house and maybe add a little extra per payment once I have a solid contingency/emergency fund and my car paid off.

Thanks again! I love DIS, you guys rock!

 

[elfbo]

Ugh. I dont owe enough on my student loans to consolidate. I mean It could be worse, but now im annoyed because I cant lock in at this super low rate.