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I'm with you on student loan hauntings. I finished with $80K after my masters degree. (Un)fortunately I make more money than the cap to deduct my interest on the loans. However, if you are close to the cap I would maximize your 401k to put you under the AGI cap so that the interest can be deducted. My best decision was to buy a condo since the interest is deductible which means a larger tax refund. I am also hoping that the interest rates fall further so that I can take an equity loan at a lower interest rate than what my student loans are at now. The interest should still be tax deductible which means a larger tax refund which can be put directly to student loan servicing.

Hope this helps.
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