Originally Posted by Bravix

But student loan interest is tax deductible up to $2500? If you're incurring more than $2500 a year in interest, then yeah, pay it down. But otherwise, you get back at tax season (assuming your federal withholding was >=$2500). Though if you've got nothing to invest the extra cash in, loans aren't bad I suppose.




Depends. Do you have multiple loans? Or did you have them all consolidated?

If you have multiples, you can just start paying down the interest and the principal on one, while just making the minimum on others (if decreasing principal is your goal).