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With your aggressive plan, even if you do not inject that 22k, have your ever considered a balance transfer from your CC juggling it out with a Bank Line of Credit ?
Now, with me much older than you, I do this when there is an easy opportunity for me for investing:
Since CC Balance Transfers here in Canada at the moment from most companies are for 6 months with 0% interest and a 1% fee, I use this if I see an opportunity for me to make 5- 6 percent minimum safely (from my analysis anyways) without liquidating some of my other securities where it has not reached my end price point yet
- In your case, suppose you take out 10k from the CC Balance Transfer - inject the 10k in the Student Loan Account
- Pay off your Student Loan Account Aggressively
- Pay off the minimum from the monthly CC Balance Transfer that you are obligated to
- After 6 months when the 10k is due - pay this off with your Line of Credit
- Re-apply for another CC Balance Transfer from the same card (it takes a 5 min phone call)
- Take out 10k from your CC Balance Transfer and pay off the Line of Credit (also pay off the $10-$30 interest incurred in the Line of Credit obviously)
- Repeat the CC Balance Transfer / Line of Credit Juggling until the Student Loan is repaid
Anyways, this is just another way to take advantage of the super low interest rates.
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