Quote:
Originally Posted by Saul Good
Like R8rs, I'm a big fan of Dave Ramsey. I just don't get militant about it. This is one of the few times when I've broken his advice. My wife is a teacher as well and is in that same loan repayment program.
I just set aside the $17,500 into an interest bearing account in case something goes wrong (government welches, she gets laid off, stops teaching, etc.) and the $17,500 doesn't get paid.
The interest rate is so low on her loans that it's negligible. It's the only debt we have besides our house, and I don't really consider it to be debt given the circumstances.
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Cool - glad to hear someone else has thought about this same situation. And your point about setting it aside somewhere we can get to it is a good one. I suppose that, rather than socking it into an IRA or similar, we could put it into something a little more liquid just in case we needed to dump it in a hurry somewhere down the line.