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<<Actually, it's not just the blue collar workers subject to frequent layoffs anymore. Some of us, like myself, have gone through a layoff once or twice. So, if I had those low interest student loans, I would pay them off at a little above the minimum payments just to get rid of them. I'd invest the rest.>>

I agree with you as far as paying them off if you can, Its a good point about future cash flow from job. As a engineering I am in telecommunications now but in the early 90's I was in defense industry which at that time was raviged by layoff and corporate downsizing. As a result but my wife and I were lay'ed off atleast once between '90-'95.

Granted I would follow the generic rules of paying off any high intrest loans 12% and up and choose the highest rate to attack first, before I hit any debt with low rates as 8%. The other debt I think I might slowly pay extra on is a mortgage. There are some tax benifits to that.

Just a few thoughts...

Good luck

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