<prompt> Human: If it helps my current private loans outstanding are as follow43,877.37 6.99 8,880.75 7.24 46,280.74 6.75 27,429.90 7.24My current situation is that Im going into my senior year of college and as it stands I already have a job offer going into the school year for 58k 8.5k bonus after taxes and expecting to be starting at 65k 10k out of undergrad. Also, I wont have to worry about car payments out of college either as my parents have already taken care of that for me. I also plan on paying a lump-sum payment of 20k on this once I graduate. Also, in terms of saving I already have 1k invested in a Roth IRA and intend to work during the school year as well, to make contributions of 75 a month into it and for more savingsspending money etc.Id love for anybody to weigh in on this and give me some insight on how tough my situation will be on me and what should I do?EDIT: I am going to be graduating with a FinanceOperations Management double major.Assistant: Im confused about what youll be earning after graduation. Are you going to be earning 58k or 65k base salary?Can you live at home for a while after college, or will you be living in a different city from where your parents live? If youll have to get your own place, what kind of rent do you expect to pay? Human: Okay so I have an offer for 58k base salary but thats before going into recruitment for the fall. Im almost 100 positive I can land 65k base salary. I cant live at home post college and am expecting to pay somewhere around 1k-1.5kmo in downtown ChicagoAssistant: If you can land a job with a 65k base salary, your take home might be around 4k per month, less any deductions for 401k contributions or health insurance premiums. Ill assume your real take home might be closer to 3700. Your minimum student loan payment, assuming your loans have a 10 year repayment period, might be around 1400 per month. That leaves you with 2300 to live on. Thats doable if your rent is 1000 per month, but you wont be able to afford an apartment renting for 1500 plus utilities. I recommend you live with a roommate for your first year or two to keep your fixed costs low. You might keep your rent and utilities under 900 per month with a roommate, which leaves you 1400 for groceries, transportation, entertainment, savings, etc. Human: Fair enough. My plan was to not contribute to a 401k as the money is not as liquid as a Roth IRA because I dont have access to it without fee and penalties the qualitative trade-off of company matching. So 1400month is if it stayed as is today. Assuming I paid off 20k upon graduation thatd leave me at around 1100month? Assistant: You should contribute to a 401k if your company has price matching. Yes, you sacrifice liquidity, but youd be missing out on free money. Worst case scenario, if you lose your job you can liquidate your 401k for a 10 penalty, which is still less than the equivalent value that was matched for you.Human: 401k company matching is usually capped at 6 for almost all companies at this point. So itd be paying a 4 premium on my own contributions. I cant justify that tbh when a Roth gives me free flowing liquidity.Assistant: You should ALWAYS contribute up to the 401k match. Thats a 100 return on your investment; far better than the 7 youll get from paying off your loans. Also, what do you mean by this? I cant justify that tbh when a Roth gives me free flowing liquidity.A ROTH IRA is not some savings account you can pull funds from willy nilly. Its a retirement account with many many restrictions associated with it. You can borrow from it, but thats a different conversation.Human: Well, from my understanding I can pull my contributions willy nilly as long as I dont touch my earnings correct? I never intend to touch upon the earnings only the contributions anyways. If Im wrong here could you provide insight?  <response>: If you pull your contributions, you cant put them back. By taking them out, you lose your tax sheltered status on gains from that money. 