u/Impressive_Divide_24

Contribute to 401(k) and Roth IRA or aggressively pay down student loans

Looking for advice for what to do with my money when I start my full-time job in September. Currently have these loans:

Private loan: $4k balance, 3.49% APR, $252/month payment until 8/27

Federal Loans: $18k balance, 6.21% weighted average APR, deferred until November of this year. Minimum payment would likely be $120/month for 10 years.

I have a little bit of money in my Roth right now, and my employer offers a partial 401(k) match. I just hate the feeling of being in debt which is why this is a tough decision for me, and I don't like seeing $5k+ in interest added over the life of the loan. Would like to hear what you all think my main priorities should be. Thank you.

EDIT: missing information, 23 y/o, 80k pretax income, living at home for the first year

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u/Impressive_Divide_24 — 14 days ago