Just going to drop a little Fact about taxes and deductibles on here that some people might not know about. The government deducts the amount of interest you pay on a student loan up to a certain amount. Meaning, if you pay a certain amount a month on your student loans you basically get the interest back as a deductible. I think it's about $5,000 where I'm from. That's why so many people don't pay off their student loans immediately. I personally already have more than enough to pay mine off in one shot but I'd rather keep my money and let the government pay for the interest.