<prompt> Human: Sup Gents. So I went to an expensive college years ago accumulated around 115,000 in student loan debt at the time. Right after I graduated, I consolidated all my loans into an adjustable rate student loan all Private. Thankfully, given the recession, rates have been rock bottom for a long time and Im averaging 3.5 percent. Since rates should be low until at LEAST 2015, I have some time to figure things out and I can pay more towards getting rid of it, but Ill have this debt for a while regardless.Im paying the minimum of 560 per month for now but that can shoot up to 900 if the economy improves drastically It was 910 per month in the beginning of 2007. Should I leave it alone? Should I seek a fixed rate? The rate is linked to LIBOR. Thanks in Advance!Assistant: Ill go out on a limb here and say that you should refinance to a fixed rate as soon as possible. Interest rates will not remain this low forever and I worry as I also tell my clients that when they do go up, its going to fast and without much warning.That said, I think that even if you left it as it is, its merely a matter of determining whether its the right debt to pay off first. Student loans for the most part are tax-favored debt, so if you itemize they are tax deductible. If youre otherwise debt free, once you have your emergency fund in place and maxing out your 401k match plus IRA if you want to be ultraconservative, put all your free cash every month toward the balance.Human: Sadly, I made more than 75k so I cant deduct student loan debt arg. But if my rate is 3.5, and I have good credit My score is usually 770, what rate could I get fixed?I do have an emergency fund and work chips in 8 non-matching into a 403b so Im ok for now, although Im saving up to buy a house.Assistant: But if my rate is 3.5, and I have good credit My score is usually 770, what rate could I get fixed?I would have absolutely no clue, but if I had to make SWAG, Id think it might be around 4.5 or 5. Its a fairly certain recovery of a loan, so I would think itd be around mortgage rates. You could shop it around.Since its not tax deductible yeah, it stinks and youre making good money I assume youre not married you should be able to retire this debt pretty quickly. You could conceivably do it within 2 years if you were crazy crazy, but I might slow your saving for a house to retire the debt. What you might not have in a down payment would be offset by having 600 more of free cash flow every month. Thats almost a mortgage payment in itself.Human: Nope not married, but I probably wont be done with it until at least another five years when I ramp up the monthlies. Thats a very good point. Thank you. Will have to look at that perspective as well.  <response>: Youre welcome. I cannot say it enough, but living like a pauper even if your friends make fun of you is worth it when, since youre out of debt, you then have the freedom to take vacations, etc, and even better if sh!t hits the fan, youve got your emergency fund.My wife and I lived off of solely my salary for the first five years of our marriage. We werent able to do all the lovey-dovey things, we were the last of our friends to buy a house, but our first house was larger than any of theirs, we had a larger down payment, and weve since gone on vacations every year. Dont buy into the idea that consumption is good. Be a freak. Because us kind of freaks... we are the rich ones. Which is always nice. 