Mastering Student Debt: When to pay, When to Wait

A common dilemma for students is whether to start paying off student loans while still in school. The short answer? It depends.

If you have a solid financial safety net and emergency savings, it may be a smart move. But if you’re living paycheck to paycheck, it’s often better to hold onto your cash. Student loans have lower fixed interest rates than most debts, making them less urgent.

Professor G shared a personal story about delaying payments to ensure financial stability. What do you think? Have you started paying off loans while in school, or are you waiting?

Student loan repayment is a deeply personal decision influenced by financial stability, life circumstances, and career trajectory. Professor G’s key takeaway is clear: prioritize financial security before making extra payments toward loans. Keep your emergency savings intact, and when the time is right, you can focus on eliminating student debt in a way that aligns with your overall financial goals.

Thank you for tuning in to #TecoGuide, the app focused on bringing you tools and content to help you make better decisions about school, life, and career. We hope this episode has inspired you to pursue and excel in your own educational and career journey.

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