HI ALL
I want to know that how to get rid off or pay off OSAP quicker and sooner? any advise from any Expert and wana share his/ her own experiences with me? i got $20gs for my collage education and still looking for job.
thanks
Sunny
Hello:
Why do you want to pay off your student loan sooner?
OSAP interest is one of the few that is tax-deductible. So keep paying the minimum and invest the surplus that you have. Or use any surplus as a down-payment for your mortgage.
I am assuming that you have or will have taxable income soon.
There is good debt and there is bad debt.. OSAP qualifies as good debt.. PROVIDED you use it intelligently.
Consult a financial planner if you have one. Or use your Dad's or Mom's or that uncle's financial planner!!
But seriously.. don't worry about repaying OSAP right now..
Develop your skills, get a job, become an expert in your field.
and remember a sure-fire way to become rich...
SPEND LESS THAN YOU EARN
- CAMike
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