<prompt> Human: My wife is a 2nd year resident. Like many others, she has multiple federal loans with 5.25-6.8 rates totaling 180K. The loan is a burden, but we have double income, a simple life and are managing okay. Then my wife received 95K from a relative. Her siblings also received some too, but I guess we got more because were considered to be the kids that have their shit together. Based on the information below, would you say paying down the loans is the best use of the gift? Federal loans: 33K at 5.25 rate, 45K at 5.8, 19K at 6.15, 53K at 6.8 Private loan: 30K at 9.99 Her 403b: 9.8K, no matching My 401K: 24K, half matching up to 6 Annual income: Mine 57yr, hers 49KyrWife makes 4Kmo. After 3 years of residency, shell likely do 4-5 years of fellowship and then we hope she can make a good salary. I dont have expensive habits and she basically has no life. Were able to live on my salary and put most of her salary into paying down the loans. Weve already paid off 30K.  <response>: Torch the 9.99 loan. Immediately. 