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Ask Dave

Does Sallie Mae Come First?

Seth made a capital campaign commitment to his church, but he doesn't know how to fit that around the student loan.

QUESTION: Seth just got married and they want to become debt free. They both made capital campaign commitments to churches, and those will come before their student loan payments. How should he handle those? Dave tells him the right order to pay things.

ANSWER: Put those after out of debt. Those capital campaign fundraising commitments are sometimes called faith pledges, and being able to do them is based on your income. If you went through a hard time, they won’t sue you, but the school loan people will. Put the pledges as your last debt and take care of the school loans first.