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Here's how I look at it. What's making you more money. If investing is returning you more interest then the student loan is charging you interest, then invest. If not, then don't.
In other words:
Student loan 4.2%
Investing 8%
Makes more sence to invest.
However, I don't always practice what I preech either. I, like Daval, tend to enjoy being debt free at most costs ;-)
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