I have $15k in federal student loans left to pay. Should I pay all that now and be debt free or continue paying and add to savings/investments? Right now there is no interest until December 31.

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There are two trains of thoughts with this.

1. Pay off and get that monkey off your shoulder. (Dave Ramsey advice)

2. Only pay the minimum if the interest is low and invest. Hold only 3-6 months of expense in saving and not more while you have debts.

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And the third don't pay it off and hope for a government bailout. I think I fall somewhere between 1 and 2, when I was getting close to paying off SL I picked up the pace but didn't do a lump sum.

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I've never really understood DR's catch all get out of debt advice. It's called leverage for a reason. I'm with school 2. Pay the minimum, possibly a little more and invest instead.

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Completely understand what you mean. Have a friend who lives in Europe and says honestly about herself that she will never get a credit card because she knows she does not have the discipline not to abuse it.

As long as you’re stable in your job, it makes more sense to make the monthly payments and invest the leftover money

I would do minimum for 2 reasons 1) can get better return in markets than loss in money in interest for loans 2) higher likelihood that the administration coming in will try to do dinner $5-$10k student loan relief. Might as well get some relief since you will be posting it in taxes later

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