<prompt> Human: Ive gotten conflicted answers to this question on different forums. Here are the loans in question : Car loan of around 13,000 at 1.9 3 years left. Student loan of around 7500 at 3.12.Here are my contributions in a nutshell : 401K : maximum employer match contribution 5 Roth IRA : on track to contribute the max yearly allowed. Emergency Fund : 6-8 months saved up. I have enough liquid to pay off both the loans above. Should I just pay them off? Im asking because some suggest that the interest rates are low enough that I maybe better off investing the money instead. Others say just write a check for both loans.  <response>: Depends on your thought process. Debt is risk. While everything is fine and dandy now, who knows what can happen 6 months from now unemployment, health issue, etc. So one thought is to pay it off and remove the risk from your life and go on to invest. Then if shit hits the fan, at least you wont have debt do pay! Keep in mind student loans typically are not bankruptable, so youre stuck with them for as long as you want to be. Other option is you think the 20,500 debt is acceptable risk and you invest and get returns on that money that outweigh the interest. Im not sure there is a right or wrong answer, only which one feels right for you. If it were me, Id just pay off the debt because I like to minimize my risk. 