While checking in on the $5,000 student loan payment I sent it to make sure it was received, I learned that my interest rate isn't 1.9% like I originally thought. It's actually 1.625% !! This gives me less incentive to pay off the loan early because I'll be saving that much less in interest costs and when combined with the opportunity cost of not having the extra cash to save, invest or keep for an emergency I'm no longer sure it makes sense to aggressively pay down the loan.
I think I may send in an occasional extra payment but not make it automatic. I'll have to give this some more thought though.
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