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SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
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<blockquote data-quote="Pribilof" data-source="post: 16136188" data-attributes="member: 155968"><p>The interest rates were just for illustration. Pay off the higher rate loan first. I've seen more 0-4% car loans than student loans. Fed loans could be 4-6% and private loans could be 8-12%. It makes no difference which loan he pays first as long as he's paying the higher rate first he will pay less $$ in interest over the amortization period.</p></blockquote><p></p>
[QUOTE="Pribilof, post: 16136188, member: 155968"] The interest rates were just for illustration. Pay off the higher rate loan first. I've seen more 0-4% car loans than student loans. Fed loans could be 4-6% and private loans could be 8-12%. It makes no difference which loan he pays first as long as he's paying the higher rate first he will pay less $$ in interest over the amortization period. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Pay off the car or put a dent in student loan?
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