Question for So-FI/DRB Refinancers Forum

[Anastasia Dee Dualla]

I didn't want to muddy up the student loan (actual numbers) thread with this question but for those of you who re-financed for sub 3.0% rate; are you all just dumping money into the loans to get rid of them or did you consider easing up on repayments to push money into some taxable accounts? I realize some threads sort of address this question, but they are usually arguing with folks who also have $100k of 5.8% interest loans.

[Desert Fox]

I eased up on paying it down real fast. But I'm considering speeding back up because if I have to take a lower paying job 2,400 a month is a huge cashflow issue. I want to get my total below 100k and then I'll slow down again.

[thsmthcrmnl]

I didn't want to muddy up the student loan (actual numbers) thread with this question but for those of you who re-financed for sub 3.0% rate; are you all just dumping money into the loans to get rid of them or did you consider easing up on repayments to push money into some taxable accounts? I realize some threads sort of address this question, but they are usually arguing with folks who also have $100k of 5.8% interest loans.

With interest rates where they are, I make minimum payments.

[Anastasia Dee Dualla]

I eased up on paying it down real fast. But I'm considering speeding back up because if I have to take a lower paying job 2,400 a month is a huge cashflow issue. I want to get my total below 100k and then I'll slow down again.

Hey! Long time no chat. Thanks for the info. I had a fairly small debt load to begin with but I'm contemplating dumping my savings and calling it a day. Haven't made a firm decision on this yet.

[Anastasia Dee Dualla]

I didn't want to muddy up the student loan (actual numbers) thread with this question but for those of you who re-financed for sub 3.0% rate; are you all just dumping money into the loans to get rid of them or did you consider easing up on repayments to push money into some taxable accounts? I realize some threads sort of address this question, but they are usually arguing with folks who also have $100k of 5.8% interest loans.

With interest rates where they are, I make minimum payments.

Thanks!

[iVi]

I eased up on paying it down real fast. But I'm considering speeding back up because if I have to take a lower paying job 2,400 a month is a huge cashflow issue. I want to get my total below 100k and then I'll slow down again.

Hey! Long time no chat. Thanks for the info. I had a fairly small debt load to begin with but I'm contemplating dumping my savings and calling it a day. Haven't made a firm decision on this yet.

Assuming the total amount is manageable, what are the downsides to this approach (paying down all debt with savings)?

[Anastasia Dee Dualla]

I eased up on paying it down real fast. But I'm considering speeding back up because if I have to take a lower paying job 2,400 a month is a huge cashflow issue. I want to get my total below 100k and then I'll slow down again.

Hey! Long time no chat. Thanks for the info. I had a fairly small debt load to begin with but I'm contemplating dumping my savings and calling it a day. Haven't made a firm decision on this yet.

Assuming the total amount is manageable, what are the downsides to this approach (paying down all debt with savings)?

I lose the "layoff cushion," which makes me nervous, but holding on to debt (even with the low interest rate makes me uncomfortable as well.