Seeking advice from those wiser than I.

You could also sell a few ounces of silver and buy a mansion here in the Detroit area.

 

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If your loans are of government origin, answers may differ from private ( non-government attached ) loans. I am sure you have the original papers and can determine what the significant favors such as possible rural service forgiveness, bankruptcies, congressional actions on loans rates, etc. Even though one hopes that things get better economically, one has to consider the back end of possibilities as well as the front end. You may never need to go through a bankruptcy, but if a loan prohibits its being considered during bankruptcy, pay that off first. Jobs may be harder to obtain , so a loan with rural service forgiveness is one, it might be reduced if the only job availabilty is such. It isn't a factor to just take such as job, but it is a benefit if one falls into it. If the rate is determined by the flighty minds of congress, I would certainly consider getting away from that as soon as possible. And as mentioned the interest rate of a loan is important if some uses of the moneycan be for higher rate of income or tax deductions. But you are lucky in that you should have the tools to negotiate your best directions. Your collecting interests probably will change as you age and go through such stages as family, grandfamilies, job resposibilities, etc. Congratulations of SDSU degree.

Jim

 

Now we are talking coins. You can tell that is a late model Escalade by the style of the rims. The modern design of the Athens owl on overturned amphora was only used on the "New Style" Tetradrachm.

 

The imbalnce of those wheels will cause an interesting ride at 70mph.

Jim

 

All I'll add is the feeling of being out of debt is one of the best things you will ever experience, even better than finally getting the '09 SVDB to complete your Lincoln set.

 

I know a lot of salesmen say this, but there IS such a thing as good debt and bad debt. Good debt is a home mortgage, student loans used prudently, and the like. THis type of debt I don't stress about, and pay down as I am able.

Concentrating on eliminating bad debt, though, is prudent. Better yet never incur this debt. Examples of this would be term debt like for a car, credit card debt, etc. This debt is brutal.

This is why I simply suggest to avoid credit card debt, and build a savings. This savings will help avoid getting pushed into having to take out this "bad" debt, and allow you to get ahead in life. Life happens, and its always nice to have some savings to fall back on rather than the loan sharks, (sorry, credit card companies).

 

This sounds about right to me IF you can pay it off rather quickly, say, in 3 years or less. I would stop buying new coins though for this season, and put everything you can to getting that debt behind you. Run from debt like a gazelle runs from a lion. It can easily become an stone around your neck as you try to swim. Also, don't take on any new or additional debt. No car loans, no mortgages and definitely no credit card debt.
Remember, holding the coins and keeping the debt is a little like paying a monthly tax on the coins.
I gather that you are no stranger to lots of work. Sounds like you worked while you were in school. Keep going and work a second job if needed to be able to retire that debt quickly. If you can't do it at least that fast, then I would recomend that you let go of some of the collection, and once you have the loan paid off, you can buy new coins ... with cash.

 

I don't know, $200 a month doesn't seem too bad if you find a good job using your degree. I know that for me financial worries were over when I saved up about a years worth of bill money to put in an emergency reserve account.