Should you pay off student loans or invest?
May 2022 – 15 min read
Whether you prioritize paying off your student loan or saving and investing, it largely depends on interest rate vs. rate of return
It’s important to begin saving and investing early to take advantage of compound growth
Now that you understand more about how to prioritize paying off your student loan, you may also want to talk with your advisor about:
The best ways to manage your student loan and other debt
Setting up savings plans to achieve goals like saving to buy a home and for retirement
The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.
This information is general in nature and is intended for informational purposes only. For specific situations you should consult the appropriate legal, accounting or tax advisor.