Although the question seems relatively simple, the answer can be complex and depends significantly on your priorities. Let's assume that in any financial plan, a "cash reserve" is critical to avoid shortfalls at any given moment. In the alternative, the student loan has a fixed payment and can be calculated out to the endgame of paying it off. Assuming you really do have some options and cash flow is something that is available to you, then I would make the following recommendation. Begin with putting together all of your fixed and discretionary expenses for the calendar year 2016. Next, determine what would be required to put away three months of cash reserves and try to make this a priority especially in this market environment where cash may be King. When you meet the objective of three month of reserves, it would be time to reanalyze what other priorities you may have and give serious consideration to paying off the student loan on an accelerated basis. Although many advisors put tremendous emphasis on investment results and a long-term investment philosophy, those with positive cash flow can pay their bills and create reserves. Those with negative cash flow's have problems that are difficult to overcome and have the potential of losing everything at a not-too-distant point in the future. Keep cash flow in mind in every investment decision you make and when the reserves has been met, you can fall back on the minimum payment for the college loan and do some investing or accelerate the student loan to whip it out in its entirety. Good luck.
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