<prompt> Human: Partner was just gifted a 200k apartment, which is the same apartment that we live in, no mortgage so she owns it outright. I still have more than 25k in student debt, which I have been aggressively paying off, but have some years to go on. We have no savings to speak of see: student loan debt and partner recently finished grad school but a steady combined income of about 85k per year. How do we most effectively utilize this new equity?Assistant: The payments that used to go to rent, can now go towards debts and an emergency fundsavings.Human: Is it better to pay off loans more quickly or build savings?Assistant: Is it better to pay off loans more quickly or build savings?I would say save up 1000-2000 first so thats there if you need it, and then look at whether you want to accelerate the debt repayments or not.Anything with a high interest rate I would put this at 10 and up I would concentrate on debt first. Anything lower, I would probably do an even split between savings debt.Human: Unsubsidized Stafford mostly, so I think 6.8. Why the 10 threshold?  <response>: Ignore the 10 part, absolutely pay off those debts. The suggested cutoff point for debt is usually around 4, as for loans below that paying the minimum and investing the rest will usually nothing is certain net you a larger return. 