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Reply to "How should I pay off $300k in student loans?"
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[quote=Anonymous]I would pay the minimum for at least the next year and be extremely frugal with the rest of your money - max out retirement, IRAs, save for a down payment if you're not homeowners yet, build up your emergency fund. If a student loan forgiveness bill gets passed reevaluate - if $50k is forgiven for each of you, pay the rest off aggressively. If it's $10k/each, you might stick with PAYE. But spend this year making sure that you use the discretionary income you're not directing at your loans to improve your bottom line, and get a feel for what your life looks like directing all of your discretionary income at a financial goal instead of having cushion.[/quote]
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