Pay off student loans or invest?

2013-09-25

Lifestyle Debt

Here is a link to a good article - with some interesting discussion in the comments - about a young graduate who wants to know if he should invest or pay of his student loan debt.

Read the article here. 

My preference in the case mentioned would be to concentrate on paying off his debt as rapidly as possible for a few years any way but since we don't know what his job is, or his future prospects, I see far to many people who either neglect to deal with their debt early and find it greatly restricts their flexibility in future years or who take on additional debt (mortgages, car loans, credit cards etc.) without a plan or any room for error. I'm a strong believer in only carrying debt one can manage.  

Latest Blog Posts

2025-10-01

Debt consolidation vs. consolidating credit: What’s the difference?

Dean Prentice

Lifestyle Debt

Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.

Read More

2025-09-29

Five essential steps to a better budget

Tina Powell

Lifestyle Debt

A clear, realistic budget can help you reach your goals faster. Learn five practical steps to take control of your finances and spend with confidence.  

Read More

2025-09-02

MNP’s Atlantic Canadian guide to affordable fun

Lifestyle Debt

Have fun on a budget with our guide to affordable activities in Atlantic Canada.

Read More

Consultation icon