<prompt> Human: My wife and I have about 15k due on a private student loan at a variable 4.5 rate. Our combined income is about 100k annually and we have no debts with high interest rates credit cards etc.We are expecting a child in December. Does it make more sense to contribute xxx a month to a 529 plan for them or to use that xxx to pay off the loan more quickly?Thanks for any advice!  <response>: My advice? Work your tails off to end the debt ASAP. Wife and I are also expecting March. We just hammered out the last of our debt 30k student loan over the past 4-6 months. We couldnt be more excited about the foundation that weve set up to start parenthood on. 