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Six Questions to Ask Yourself When Considering Paying Off Student Loans or Saving More for Retirement

When dealing with a significant student loan balance, you might be tempted to pay off your debt as quickly as possible. You may have considered putting your other financial goals on hold, so you can focus on eliminating your debt. But when it comes to saving for retirement, time is your greatest asset so it’s essential to find the right balance with paying down your debt. Here are some questions to consider when deciding how to allocate money between debt and your other priorities.