School loan

[EhhMon]

I defaulted on my school loan and would like to pay it off. Would it be wise to take money out of my TSP to pay for it? Help please!

 

[Frixxxx]

I defaulted on my school loan and would like to pay it off. Would it be wise to take money out of my TSP to pay for it? Help please!

I would first negotiate with the loan provider to see how you can correct the situation. My kids have done this a few times to negotiate lower rates. I would never touch my TSP to pay off loans. That money is protected and works continuously for you.

Tread lightly. Adjust your budget accordingly.