<prompt> Human: My parents were able to pay for my college out of pocket except for one semester where I needed to take out a 2700 for tuition. I recently accepted a job that pays really well and also a 5000 signing bonus. I also have 5000 in savings. Im due to start repaying my loan in November, so should I just pay the whole 2700 and dodge the interest?  <response>: The financially correct decision is to only ever make minimum payments if the debt has a lower interest rate than expected market return. That being said at 2700 its such a small amount that you may as well pay it off. Keep in mind paying off debts will lower the average length of your credit history and may lead to a temporary decrease in credit score so dont do it if you will need a high credit score in the near future. 