Currently have $10k in student loans and $30K in savings. Graduated in May and deciding whether or not I should pay them off. They are not accruing any interest right now, due to interest being halted on federal student loans. Some are saying student loans could be forgiven in the future. Would it make sense to write a check and pay them off now?

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Not accruing interest and pwc pays $100/month for you. No reason to pass up that free money, at a minimum wait until interest begins to accrue again to make this decision

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As long as you are not being charged interest there is no point to pay them off. Even modest interest from a High Yield Savings account would be a better alternative

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Assuming you didn’t start at Pdubs at a manager level then NO. Let the firm pay its $100 a month . They’ll pay off like 7k I think in total. As long as your min payment is covered by pdubs just let that 10k ride.

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Interest are deductible on your tax return. The loan is small enough and your salary should also be enough for you to deduct all interest expenses on your tax return. Plus pwc pays $100 a month. I also had about $15k when i graduated with the mean of paying it. Instead i let uncle Cooper pay $100 ($4800 paid so far), paid $75 a month and i put my cash into stock dividend $1500 a year)

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Pwc will pay $100 a month up to 6 years or if you make manager (that was the deal when I started, it may have changed a bit). Normally I’d say pay them off but maybe save as much as they’ll pay, and keep that money in reserve.

I made a 4K payment on my loans between graduation and starting at pwc, and 3 days later they rolled out this benefit. I only had 2-3k left so I just left it for them to pay off, but I was pretty disappointed to have missed out on that money.

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I’d agree with the general sentiment with one clarification. If you have any other debts, odds are something else has a higher interest rate. So I would recommend paying off highest interest first, then work your way down to lower interest debts. Then even when you do get to your student loans, only pay down enough until the PwC benefit will pay for it all over time. No point in missing out on free money.

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Be careful on waiting, because the lender might back-charge you for interest after the fact when the interest freeze expires.

Otherwise just wait and collect the $100 per month

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I will do so. Thanks for the heads up!

What if ops loans were accruing interest?

Depends on his interest rates.
If they’re high like 8% then paying off sooner will be better compared to 4% which can ride out longer. Also at 10k the interest won’t hurt unless the rates are high of course.

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