This is sort of an offshoot of my fiscal fitness journal here
, and I sorta discuss it in my blog linked to in my signature, but I think it's a big enough question to warrant its own discussion.
So, given these factors:
(1) Income-based repayment caps the max monthly amount you can pay
(2) Forgiveness of remaining principal made after 25 years of on-time IBR payments (or 10 years for federal workers)
(3) Forgiveness of remaining principal in death, but not bankruptcy
...is it then possible that it makes more sense to pay off student loans slowly rather than quickly?
As with everything, the most correct answer is probably, "it depends on your specific situation" or maybe even, "ask your accountant," but what do you guys think?