Matt Clark
đ€ SpeakerAppearances Over Time
Podcast Appearances
What's the smallest student loan up next?
Well, here's the deal.
Interest is still accruing in forbearance.
So even though they're like, hey, you don't have to make a payment, that balance is ballooning because you're not knocking down the principal at all.
So I would absolutely treat it like any other debt and just attack that one first at $14,000.
How quickly can you knock that one out?
So 12 months from now, you're moving on to the car loan?
And then the HELOC's next.
You're on the path.
Yeah, I would absolutely knock out that student loan.
The problem and the thing I hate about forbearance is it makes people think they are like, whew, I got some relief.
And they look at the balance six months later and it's so much bigger than it was the last time they looked at it.