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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] I don't intend to ever make extra payments on my student loans, because my interest rate is extraordinarily low and I would be better off just putting that money in the market. [/quote]

This is short sighted. What is extraordinarily low? My student loans are at 5.12% and if I just pay the minimum payment I will pay more than $40,000 in interest payments over the next 20 years. My plan is to pay them off aggressively and will end up paying less than $3,000 more in interest over the next two years. I will have saved myself $37,000 and then can start saving and investing more heavily. I would much prefer that scenario than to have that loan hanging around my neck for the next 20 years.

Also, student loans can never be discharged in a bankruptcy. They will follow you until you die. If you ever get laid off or injured or have some other family hardship, you would be in a much stronger position financially to have paid off your student loans.

It's more than just math. DR hates debt because it creates risk. He values the peace of mind and security of being debt free more than a few percent or even 10% in the stock market.

Damn. I'd borrow as much as I could at those rates. That's less than inflation. 
[/quote]

Not PP, but my student loans are at 1.625 percent. That is pretty damn low.[/quote][/quote]

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