Why I Won’t Be Paying My Student Loans In 2019

I carry a small student loan, that I took out in the last year and a half when I went through university. I didn’t need the money to pay for tuition (it was 2,000 EUR per year), nor did I need it to pay for bills – I lived with my parents at that time.

Then why did I take out student loans? They are evil right?

My Student Loans

Well, not always. Here in The Netherlands student loans are 99% of the time borrowed from the government, at some very favourable terms. When I took them, they had to be paid in 15 years, with a 5 year fixed interest term. Nowadays, student loans can be paid back over as long as 35 years.

I have the money invested right now, earning more money for me. The amount I borrowed is not significant.

My loan is slightly under 7,000 euros. I can pay it back tomorrow if I wanted to. That’s not the problem. The reason I’m not paying is that my interest rate is super low. As in pathetically low.

Read the full article on Fire The Boss.

Reageren op dit bericht

Deze website gebruikt Akismet om spam te verminderen. Bekijk hoe je reactie-gegevens worden verwerkt.