The Importance Of Student Debt

Now more than ever, students are graduating and beginning their careers with considerable student loan debt. While everyone knows how important it is to save for retirement, many wonder whether they should attempt to pay off their student loans before they start investing. Legacy Financial Group, a financial planning firm serving clients throughout the Granbury area, understands that this is a difficult decision, and is here to offer some insight.

On the one hand, paying off any type of debt can be considered a type of investment, saving you the interest you might otherwise pay in the future. Even with the relatively low interest rates on a student loan, over time you could wind up paying thousands of dollars in interest and other fees. This