Anonymous
Should I repay moe tuition fee loan or pay in installment?
Graduating next month and is able to pay off fully with my savings that is set aside for the loan. Interest for Moe study loan is abt 5%. I'm not sure if I should pay off fully for the loan or use the amount to invest continue to invest..
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Ngooi Zhi Cheng
22 Sep 2021
Student Ambassador 2020/21 at Seedly
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It'll be ideal to clear such loan asap as 5% interest is relatively high. On the bright side, you'll be generating active income in a month's time. It's never too late to be back in the game!
Wishing you the very best! Cheers!
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Tan Choong Hwee
20 Sep 2021
Solutions Specialist at Providend
5% study loan interest is pretty high. How confident are you investing with more than 5% return? Mor...
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Hey! If possible do pay off the tuition fee loan! A virtually risk free gain of 5% is much more worth it than a risky 6%-8% you are generating. (Unless you are currently getting outsized investment returns)