<prompt> Human: So I am going to graduate from college next semester and am curious about how I should go about paying off my student debt. When i graduate I will have roughly 50k in loans all with interest rates hovering around 6-7. Now I know ive heard alot on this sub to pay off loans as quick as possible, but ive also heard and please correct me if im wrong if you pay off debt too quick, you can be taxed pretty hard.About me a little:I will be graduating next december with my degree in engineering. I have a written and signed offer for 95k and my girlfriend also an engineer who will also be graduating has a written and signed offer for 120k. She will be graduating with no debt as her grandparents had a trust fund for her. We will be looking at buying a house early on so that we can build equity ASAP, probably within the 100k-200k range.So my question is, with that being said, should i pay off all my loans immediately? ie before my grace period is up or should i be making monthly payments on it?Thanks  <response>: if you pay off debt too quick, you can be taxed pretty hard.The only tax impact will be that you cant deduct money spent on student loan interest. But thats just a deduction - if youre in the 25 tax bracket and send the bank 1000 in interest, you save 250 on your taxes. Thats still a loss of 750.Other than that, I cant think of any tax impacts by paying off your debt. 