Recently we paid off approximately $30,000 USD of student loan debt. We were fortunate to close out an investment that we had for a few years, and have set aside the necessary amount for tax time. It’s an amazing feeling to see the accounts zero’d out now.
Our remaining debt is as follows:
- vehicle loan $16.5k @ 3.19% (positive $6.2k equity according to KBB)
- student loan $1.5k @ 3.15%
- student loan $3.3k @ 3.15%
- vehicle loan $8.5k @ 0.90% (positive $3k equity according to KBB)
Our short term plan:
- Leave debt alone, we anticipate getting higher % return than current rates owed in other investment vehicles
- Maxout IRA contributions @ $5,500 USD each for 2017 year