<prompt> Human: Am I right in thinking that its a better idea to pay down student loans instead of putting money away in a savings account with only .15-.20 interest? Any other general finance tips for a recent college grad? Thanks!  <response>: There are savings and checking accounts out there with up to 3 interest, although 1.5 is more common. Try to find one of those, I think its worth the effort. The money in the savings account is for emergencies. If they happen, you cant tell your student loan provider: Oh, give me back my check from last month, I have an emergency here. So the money in the savings account should be there. Make it a safe amount, but dont make it too big. If you are sure you can borrow money from family in case of a real emergency, then you can save up even less. If your student loans have higher interest rates than what you get in your savings account, then paying them off saves you money. So after you have this minimum amount in a savings account, go all out on the student loans. Good luck! 