Also, Since I will only be paying for it for a year, my additional cost will only cost me an additional few hundred dollars over paying cash. As for making a tax deferred plan, I am maxed out in my IRA (I am no longer eligible for a roth). I am also putting a third of my extra income into savings, while the other two thirds goes to debt reduction. No passing judgment here - do what you will. You appear to be a unique situation to have substantial income to eliminate these obligations, a situation that most people are not in, and this changes the entire equation. For 90% of the rest of folks, it is nonsensical to separate debt in the manner you are describing. That's all.Now, go forth and do well!
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