<prompt> Human: My grandmother just passed away and left me with 250,000. Im 24 and my wife is 24. Wife has her Masters completed and makes 60,000 a year, she also has 50,000 of student loan debt. Im starting the last year of my masters, which is completely paid for and I have a stipend of 10,000 per year through school. But I also have 50,000 in student loans from my undergrad. We have no credit card debt. We owe about 6,000 loan on my wifes used car at 1.9 or so. I own my car free and clear.Right now all the money is in a trust and being invested. My dad is in charge of it until Im 27 but he is willing to give out money for good causes.Weve been paying 700 a month towards my wifes student loans. We dont have to start paying mine until 6 months after I graduate.I feel like Ive got a good chance to set ourselves up well. So please critique my plan and offer any insight you can.-Pay off my 50,000 of loans.-my other grandmother has graciously offered to loan us 50,000 at 0 and pay her instead of the government, my wifes loans have pretty high interest rates. This will save us a good chunk of change in interest and allow us to pay them off faster. She is also a multi-millionaire so she is not stretching herself thin to help us.-not planning to pay off my wifes car because the interest rate is so low.-take my wife to Europe for a month when I finished my masters. Gotta splurge on something!Basically, is it worth it to pay off 50,000 of loans with cash? Or should we keep the 50,000 invested and just chip away at the loans until we are in our mid to late 30s? I get very anxious thinking about paying those loans off for the foreseeable future and think it might be worth it just for peace of mind.Thanks for your help!  <response>: Im sorry to hear about your grandmother.Definitely pay off all debt if you are able. And dont ever get into debt again, even for a mortgage since it appears you can save for a house in a few years. 