Thanks for your help - I've got another question. Should I try to
convert this variable interest rate, non federal education loan to a
fixed interest rate loan? The loan's interest rate is based on the
three month Libor rate (currently something like 2.9%) + a fixed 3.9%
which currently comes out to something around 6.8%. Would it be a good
idea to try to convert this loan to a fixed interest rate loan? I guess
my next question is, if it is a good idea, do you know of any companies
that do this sort of thing?

countchocula[at]forpresident.com wrote:
- quote -

Currently yields on Treasury bonds range from about 3% to 4.5% (see
http://www.treas.gov/offices/domesti...ate/yield.html
), so I'd say "no", there is no fairly safe investment yielding 6.8%.
I'd recommend paying off the loan, unless doing so will make you unable
to contribute to a 401(k) or IRA account this year.

I'm trying to figure out whether I should take the extra $ I have and
use it to make payments on my non-federal education loan, which has a
variable (6.8% currently) interest rate, or if there is some type of
fairly safe investment I may invest in that will match or exceed that
interest rate. Any help would be greatly appreciated!