If my money market account has a higher rate than any of my student loans, should I pay less on my loan monthly and move the rest to my MM account? I pay far more per month than what my payment requires.

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From a purely fiscal perspective, it depends partly on your AGI. Student loans get you a tax reduction for the interest you pay. If you’re not capping that out, then the extra payment(s) to do so would affect the return comparison.

More broadly, it really depends on your perspective towards debt. If having debt really bothers you, or you’re planning to buy a house or make a similar purchase that will look at your debt:income, then it may be worth making the extra payments.

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Just for reference, my student loan debt is not high. Under 10k.

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I would never take investment money to pay a student loan. They are talking about discharging some that are lower. There are too many repayment plans with student loans— you might not ever get that investment money back again!

Depends what the delta between the two are. Is it a lot higher or just slightly? If a lot higher, I probably would pay less on loans.

1-1.5% delta

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You can also put it in the MM account to accumulate the interest, and then sweep larger payments over to the loans (ex. $1,000 every now and then), if your loan provider allows that.

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