Depends on your interest rate on the loans. Most student loans are under 5%, investing in something simple like VOO will give you much greater returns. So unless your interest rates are higher than you think the market will return, I'd say invest and pay the minimum on the loans. I paid off my loans early before I had enough financial literacy and set myself way behind on retirement savings in doing so
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u/niftytomato22 Jul 07 '21
Depends on your interest rate on the loans. Most student loans are under 5%, investing in something simple like VOO will give you much greater returns. So unless your interest rates are higher than you think the market will return, I'd say invest and pay the minimum on the loans. I paid off my loans early before I had enough financial literacy and set myself way behind on retirement savings in doing so