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Depends on interest rate of loans. And your risk tolerance. I like being debt free.
Coach
If your loan APR is below average market return, pay the minimum and invest.
Coach
I had approx 225k at graduation, refinanced to 15 year at 2.9% and haven’t paid a cent extra since.
Currently $160k left, with $225k base and still no thought to pay any extra
Coach
I have a bit over 11 years left. Depending on where rates go, maybe I consider accelerating payment 3-4 years from now.
Bought a house (down payment), invest. Doesn’t take much to beat 2.9% over a 10 year period.
At your rate the mathematically you could go with minimums. Or do a mix (pay extra but not TOO much extra so that you can invest)
I’d say invest now to increase time in market. Still pay off loans in reasonable amount of time though so you can increase VTSAX volume
Interest rate?
Likely will refi down to 3.8%
The $100k could impact approval for mortgages depending on your overall debt to income ratio.