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Refinance or pay off individual notes aggressively?

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  • #16
    This might be psychology rather than math, but I have a problem with putting money into a 529 prior to paying off your own student loan debt.  Sure, if your state offers a credit or deduction for 529 contributions, then you should get that credit or deduction every year.

    That said, you need to retire your own student loan debt and save for retirement prior to even thinking about putting money aside for your kids' college expenses.  It's kind of like that old adage that the stewardesses say, "Put your own mask on before helping others".

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