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There’s also retirement to think about. You may think it pays to put all of your extra money into your student loans and focus on your IRA or 401(k) once you’re college debt-free. In doing so, you’ll lose out on years of compounding, which will stunt your nest egg’s growth. If you’re paying a https://worldpaydayloans.com/payday-loans-ct/ boatload of interest on private loans, you might focus more of your resources on knocking them out and then put more money into a retirement plan once you’re student-debt free.
