cleaningupmess2023 OP t1_jeglqyn wrote on March 31, 2023 at 9:32 PM

Reply to comment by samgirlearth in 20K IRS bill and no idea how to handle by cleaningupmess2023

58K in student loan debt was paid off.

Bought current home at peak of market last Spring.

geoff5093 t1_jegrirc wrote on March 31, 2023 at 10:13 PM

So you sold your old house to make a few bucks, then bought at the height of the market at a much higher interest rate? Why? And why would you put $58k towards student loans instead of paying off your credit card debt?

XeoSP t1_jegv7nr wrote on March 31, 2023 at 10:40 PM

May of 2022 would've been a low interest rate

By "height of the market" he means home price

pragmaticpro t1_jeh4f3q wrote on March 31, 2023 at 11:50 PM

Student loans aren't always a low interest rate debt like most would expect, especially on private student loans. Not sure if it was the 13% rate OP mentions or another.

samgirlearth t1_jegq9ts wrote on March 31, 2023 at 10:04 PM

If federal loans you could possibly get a refund since payments are still paused, so that you can pay the tax man