Paying Off Student Loans vs Investing: What’s the Right Choice?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Should I Pay Off Student Loans or Invest?
When to Pay Off Student Loans
When to Invest
Factors to Consider When Deciding to Invest or Pay Off Student Loans
Emergencies
Retirement Funds
Interest of Your Debt
Type of Investments
Future Goals
Alternate Ways to Pay Off Student Loans
Loan Consolidation
A Direct Consolidation Loan is a federal student loan, not a personal debt consolidation product. Only federal student loan borrowers may apply for Direct Consolidation Loan. The U.S. Department of Education does not offer small business debt consolidation loans.
Refinance Student Loans
The Takeaway
Frequently Asked Questions
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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