Key Points A Reddit user has $23k in student loans at rates ranging from 2.75% to 5.5% He’s debating between using his extra money to pay off the loans early and using his extra money to invest. As a general rule,

If you have federal student loans, expect to be automatically enrolled in the standard 10-year repayment plan as soon as your grace period ends. While this plan may work "if you can afford higher payments now and want to minimize the total interest paid over time," the payments are not feasible for all borrowers.