<prompt> Human: Just as the title describes, we received 20,000 for a wedding gift and my husband has 20,000 in student loans. Interest rate 5 percent. Is it a good idea to pay this debt?Our other debt is one car loan 12,000.Edited to add 1.9 percent interest rateEdited to add we will most likely trade this car in for a new one next year as it is not suiting our needs.I have no loan debt.No credit card debt.We live in an apartment right now with no plans to move to a house. We are 28 years old and not sure if we are staying in our city.Income:80kyear for me55kyear for my husbandSavings: 60,000 in a cd15,000 in savings accountMonthly bills:Rent: 1500moCableinternet:100mo Car payment: 365moCar lease: 178moDogwalkerdaycare: 300moEdited to add interest rates above.  <response>: I would. Then funnel the monthly student loan payment amount into retirement savings or other goals. 