If you can keep getting the student loand interest deduction it might be worthwhile to keep the loan for a while.

It's not worth anything, since I was just taking the standard deduction. Hell, even the loan interest deduction I was allowed to take was less than the interest I actually paid. And I'm not sure whether that actually mattered since I did just take the standard deduction in the end. I've had the loan for over a year, so it's done the good for my credit. The loan interest rate is 6.89%, and I'm only a few thousand dollars away from paying it all off.

If that's your only debt, P-C, pay it off. There's no easier way to make 6.89% on your money.

If you make over 65K, you can't take the deduction.

If that's your only debt, P-C, pay it off. There's no easier way to make 6.89% on your money.

That is my only debt, yep. And I probably could have paid it off months ago, but I've just been afraid to take that plunge. But having a job is cool.

If you make over 65K, you can't take the deduction.

Aha! That's good to know.

If you make over 65K, you can't take the deduction.

That's no longer true. It changed a few years ago (three, maybe?).

Of course, Paul's is paid off as of this month, so it's moot for us from here on.

Thanks for all the b-day wishes.

Me? I spent the lunchtime watching 300 again.

Who's up for some late Saturday evening or Sunday lunchtime Halo fragging?

The student loan interest deduction doesn't require itemizing,but it is limited to 2500/year, so we're not talking about a ton of money. I think it comes off your income rather than out of your tax liability, so it's impact might be hard to judge. But it's probably not going to make a huge difference either way.

You'll still have a cushion of savings if you pay off the loan, right? If that's the case, go right ahead, pay it off.

Oh yeah, I will still have savings. I oversave like whoa, I think.

P-C, I hate you. Will you be our accountant, please?

t /so incapable of dealing with money like a grown-up

I've got it easy, though. I'm just me. I'm going to go bonkers once I have to deal with more complicated issues like family and houses and stocks and all that shit. I'm already freaking out a bit because my next credit card payment is going to be least twice what it usually is because of all the car repair issues AND I finally have to pay for the Obligation Jewelry my grandmother brought back from India. Which, surprise of surprises, is a hundred dollars more than what my mom originally quoted me.

My aunt was telling me that I should buy a condo so that I can make some money off it after a few years, since by renting, I'm just throwing my money away.