I'm a savey saver... finishing my graduate degree in less than 4 months. I have no debt other than a $145K mortgage and student loan debt of around $100K. When I finish school I will be making greater than $140K per year and I am a single mom of two, so my student loan interest will not be tax deductable.

I'm trying to decide if it would be better to consolidate my student loans into my mortgage to take advantage of the tax deduction. Or if it would be better to pay off my mortage or student loan first. Mortage interest is around 5.5% - student loans currently from 6.5-8.9% I think.

I would love to hear everyone's opinions on this.

Thanks.

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Hello,
This is just my opinion. If I were you I would payoff my student loan, only because it doesnt benefit you to keep paying on it. Your mortgage on the other hand helps you build equity that you might need in the future, and its a tax deduction. It wouldnt make any sense to "payoff" your student loan consolidate it with your mortgage only to continue paying for it at a lower rate. Plus, you wouldnt want to pay two mortgages? would you?

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