who are paying a high interest rate on their loans. With federal student loan payments and interest on pause through at least September 2021, however, now is not a good time to refinance your federal student loans. Private student loan borrowers, however, may be able to score a lower interest rate that makes refinancing worthwhile.Curious if now is a good time to refinance your student loans? Here’s who should and shouldn’tIt's not always a good idea to pay off your student loan early.
Make sure you have a savings set aside before putting any extra funds toward paying off your student loans quickly.The interest rate you're paying on your revolving credit card balance isYou're contributing enough to meet your employer's maximum retirement match: If your company offers a 401 match program up to a certain contribution, prioritize upping your contribution to meet it. That's essentially free money left on the table when you don't take advantage of the match.Editorial Note:
Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Just make tax payers pay for the debts of others 🤷🏾♂️