If I could, what would be best to pay of first: Student Loans or Credit cards?
I owe about $10k in credit cards and about $50k in student loans. I feel I should ditch the credit card debt first since I can claim my studen loan interest on my taxes. What do you think?
Get rid of the credit card debt first. It’s probably a higher interest rate than the student loans, it’s not tax deductible and it could have more of an impact on your credit score.
Frankly, I can’t think of a single reason why you would want to pay off the student loans first. There’s just no advantage to doing it that way.