- Centurion Member
- Posts: 204
- Joined: Tue Oct 30, 2012 10:25 am
- Location: TX
Honestly, if it was me, I would leave them alone until they came due... what is it, six months after graduation?
I wouldn't want to start having to repay a set of loans while my primary focus was graduation. Having your own company is an awesome thing, and having your own profitable company is a fabulously awesome thing, but student life still has a good chance of being unpredictable and unstable, financially speaking, whether full-time or part-time.
I've never heard of anyone benefiting from "starting the clock" early. I've also heard, anecdotally speaking, that student loans are perceived differently than credit cards, mortgages, auto loans, etc, since the whole purpose behind student loan debt is to better yourself and (presumably) make yourself more employable. Suppose you go car shopping, and want to take out an auto loan... if they saw you had $20k of credit card debt, $20k owed, that would be a bad thing. $20k of student loan debt, $20k owed, not so much.
All that being said, once I was out of school, and the notes came due, I would start paying it down as aggressively as possible. Saving interest and getting out from beneath debt is more important to me than any benefit to my score from just paying the minimum (for example, length of time reporting). Same thing with an auto loan, same thing with a mortgage, etc.
So, yeah. Focus on getting real life taken care of first-- get what you need from your classes, get your diploma, save your money, keep cultivating your biz. Pay attention to the student loans when Sallie Mae (or whoever) tells you it's time to pay attention to them, because there's no penalty for starting on the start date, and there's no benefit I'm aware of for starting early.