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I feel like paying off my small undergrad loan

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  • #16




    if you aren’t itemizing (unable to deduct your mortgage interest), you are better off putting the extra 8K to your mortgage which is a higher interest rate and keeping your student loan.   At a 1% higher interest rate, you will save ~ $80 X number of years you are paying off your mortgage.
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    Student loans come with zero benefits. You cant sell them like houses or foreclose on them either. Again, that number is only 2400 maximum, without adjusting for 30 years of inflation, aka, about 1200 bucks so again...small numbers, small real difference.

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