What to do with $250k earmarked for student loans? Student Loans |
| What to do with $250k earmarked for student loans? Posted: 02 Dec 2020 05:00 AM PST I posted this in /r/personalfinance but I'm curious if anyone in this community is in a similar situation. I would like to thank this subreddit for being a giant resource over the past few years! I have significant student loan debt and recently exercised company stock options, with the goal to pay off the debt after COVID forbearance ends. Summary: -$170,000 in federal student loans -$250,000 in checking account ($220,000 from the company stock I just sold. I'll save $100k of this for tax purposes to be paid in early 2021.) -$40,000 currently invested in stock market -no credit card/car/other debt; currently renting an apartment Is there anything I should do with the money currently in my checking account, especially if COVID forbearance is extended beyond January 2021? When loan interest starts again, I plan to pay ~$145,000 toward the loans and keep $25,000 low interest loans in case of any loan forgiveness in the next year. Any advice is greatly appreciated. Thank you. [link] [comments]  |
| You are subscribed to email updates from /r/StudentLoans: Reddit's hub for advice, articles, and discussion about educational loans. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment