Reply to Save for kids' college or pay off my own student loans?

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[quote=Anonymous]Disclaimer: I like cheap debt. I follow my project management professor who says: if you are given the choice between holding the money or letting them hold the money always choose to hold the money. oh did I mention most DCUMers hate my advise?

How old are you OP. How long it will take you to pay your student loan with the minimum amount?

If you hate the debt, then fine pay it. but if your goal is to maximize your money then invest the $1000 providing:
1. Your student loan is paid before retirement
2. You have adequate emergency fund
3. Do not lock the extra $1000 on 529 on it is entirety (access is important in case you want to pay your student loan early :wink: )
4. Do not spend the extra $1000 because then you are paying interest on your student loan with no up side.

We have a mortgage, an investment property loan and a car loan that I do not intend to pay a day earlier than my contractual agreement. That allow us to max our 401K, Roth IRAs, 529 and have a life. Do not let DCUM bully you into something that is not you or what is best for you.
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