<prompt> Human: 2k extra a month to go to either one. 195k in student loan debt. Husband wants to buy a house, build equity, take out home equity loan and use that money to pay off student loans. Home equity loan is tax deductible I think which would allow us to get about 13 back in tax refund than if we had just contributed straight to loans. Im a little nervous about this kind of strategery and would rather treat the student loans like a motherfucking emergency and pay that shit off ASAP. Thoughts?EDIT: Interest rates on loans range from 3 to 6.85.EDIT: By building equity, we mean buying a piece of shit and doing our own renovations. EDIT: Combined income of 190k. Good credit. Were looking at duplexes with the idea of renting one of them out and living in the other.  <response>: Your husbands plan really doesnt seem to make any sense at all. Also, I think interest paid is only tax deductible on the first 100,000 of a home equity loan, so if you borrowed more than that to pay off the student loans it wouldnt all be tax deductible. 