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Stock impact report

I finally have enough cash to pay off my student loan in full—here's why I'm not doing it [CNBC]

Ameriprise Financial, Inc. (AMP) 
Last ameriprise financial, inc. earnings: 1/29 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.ameriprise.com
Company Research Source: CNBC
The only debt I have left is my student loan, which has been on minimum payment autopilot since I graduated from college in 2013. For many years, I left those payments on the back burner, funneling any extra savings I had toward my investments. Recently, though, my financial strategy changed after my fiancé and I began planning for a wedding in summer 2027. I sold a fair amount of stock and dialed back my retirement contributions in order to build our wedding fund. For the first time in my life, I'm sitting on a pile of cash. And I have to say, I'm very tempted to use a chunk of it to wipe out my loan. Hear me out. My student debt carries an interest rate of 6.55% and is scheduled to be paid off in late 2027. If I paid my loan off now, I could take my monthly loan payment, plus a few extra dollars, tack it on to my regular contributions to the wedding fund, and still hit our funding goal on time. Plus, I'd be debt-free I chatted with a few certified financial planners, and pr Show less Read more
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