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Originally Posted by Redjake
I have a...........<b>crap load</b> of college loans that will be due when I graduate in May. I get a 6 month grace period on all of them, but then the bills will start rolling in. I didn't really consider paying $1000 off of $30,000 would change that much or be worth it right now, what do you guys think? Should I pay off the highest interest college loan I have right now? (Or pay off at least some of it?)
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Do you have any credit card debt? If so, pay that off.
I don't think $1000 on your 30K will make a difference. If you were in Canada I would say start an RRSP (I think you have 401K or something like that). Use the $1000 as a seed and put in a little bit from every pay cheque you get. Your student loans will take a while to pay down. Pay yourself first.