To an extent, yes. Say the company gives me a match of $850/year based off 3% invested, and that takes 6 years to become fully vested in that amount as well. Lets say that I also pay $1,000 a year in interest from student loans. I'm still in the red from the free money, vs putting more into the student loans to get the payment down faster. I feel my money is better spent paying down anything that accumulates interest, rather than putting it somewhere that will gain less in the short term. In the long term, will the capitalized interest be higher on the 401k? Yes (well should be depending on the economy), but at what expense for how much extra did I pay out of my own pocket on the interest for my student loans in that time.

Then lets look at this another way. Say in 3-4 years I'm hired into a legacy carrier like Delta. My profit sharing check alone, would be able to max out a 401k account for the year. Far surpassing anything that this company would give me.