Student Loan Repayment ??

We had over 200k with both of our student loans, I have paid off 75% of that within the last five years. It was painful! When we got down to a combined 60k our mortgage rate jumped up on the ARM and interest rates went up, at that point it was better to invest the money or pay the mortgage then our loans which are at 2.3% and 3.25%. It was probably always better to invest it but 200k was just a stressful amount for me, especially since I was worried dh wouldn't be able to deal with his loans as a resident/fellow if I croaked.

We maxed out our 401ks, then added all possible self-employment money into our SEPs, paid into our IRAs AND ONLY THEN did we ever turn to paying student loans. When we have kids the order will be retirement, 529 plans for the kids, then mortage/student loan etc. I don't think it makes sense to pay your loans before taking care of your retirement and your kids' college unless there is a situation where your student loan rates are outrageously high.

[Vishenka69]

We have both consolidated and have very low rates. Mine are over 10 years and I've just started year #6, so 4 more to go. His are over 30 years with lowests payments for first 2, then a bit higher during 3rd and then full blown for the rest. We're in year 3. So far our combined payments are about 1/3 of our rent. DH is itching to pay off his loans faster, but at 3% it would be extremely stupid for us to do.