Welcome to the Better Off Bonus Bonus

listener question of the week.

You know, normally we do two episodes a week.

But because our email box has been getting sucked, we want to drop some

extra episodes every so often on the weekends perhaps when you might be minding

your own business, you might see, boop, something pops pops up so that's our bonus bonus and today

we're going to field a bunch of email questions the first is from Diane who is 58

married and she has student debt of $54,000.

I can't even believe 58 years old, $54,000.

Diane owns a home, she wants to know suggestions for the best way to pay it off and she's been researching refinancing

Not sure what is the best she's the loans that she's carrying are federally subsidized the payment is four400 a month. I work for a

nonprofit agency which qualified me for a loan forgiveness, however the total

payment for this would be 799 which I can't afford. So I don't know what the interest rate is but because

these are federally subsidized loans I'm thinking that you might just have a

pretty cheap interest rate, in which case I'm not sure I would do much with it.

And I think maybe your best bet could be instead of refinancing it to just keep paying it.

And I don't know enough about the rest of your financial life,

but you know, click away at it.

And I mean, you could refinance it, but, you know, refinancing, you might get a lower rate, but you start the clock again.

I don't know.

I would just pay it off and go as slowly as you need to or as quickly as you can

can depending on your situation.

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