3 Reasons Not to Pay Off Your Student Loans Early
Owing money in student loan form can be problematic on multiple levels. First, there's the burden of having to keep up with your monthly payments -- and having to put other goals on the back burner because your debt is monopolizing a lot of your income.
Secondly, the simple fact of owing money in student debt form could be enough to cause you mental anguish. You might feel stressed about having debt hanging over your head, and you might find yourself getting aggravated every time you make a loan payment.
As such, you may be eager to shed your student loan debt ahead of schedule. It's a good idea in theory, and one that could save you money in interest. But here are a few reasons it may not be the best idea to pay off your student loans early.
Source Fool.com
