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I have about $75k in PRIVATE student loans with variable interest rates. The rates are great now (around 3-4%) but I'm scared of what that rate could turn into years down the road. Should I put all of my extra money into paying down these loans (which could take a decade at minimum) and not contribute to my 401k? What about investing in stocks (outside of the 401k)? Should I hold off on that until all student loans are paid off?? I'm worried about the emotional impact of never seeing my money grow as well as the very real fear of not having enough for retirement (I'm 30). Thanks for any insights!
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