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I am just beginning to make payments on a 30 year student loan (close to $500/mo). The current interest rate is 6.79%, which dropped between June and July from 8.25%. Is this a variable interest rate loan?

I've read article on the fool that talks about paying off a mortgage early, and that it would be smarter to invest the extra money. Do the same principles apply to a student loan?

My big question is, should I try to pay off the student loan early by making larger payments, or should I invest that extra money?
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