How to pay off student loan

brantly
Mon, 13 Jul 2020 23:20:26 +0000

Personally, I wouldn’t make a financial decision based on trying to build my child’s credit history. She’ll have a credit history soon enough.

To me the way to evaluate this question is, where is the money now and how much interest would you lose by removing it from the current investment compared with the interest you’d have to pay? IOW, what’s the opportunity cost?