This is a YouTube video titled "When to NOT Pay Off Your Student Loans" containing an English conversation recorded in March 2025. The excerpt features a discussion between two speakers, including Jim Dahle, about the financial considerations of paying off student loans versus keeping cash on hand during life uncertainties such as moving and childcare expenses.
This guy's borrowing 8 or 9% right now and earning 4% in his high yield savings account. What's he waiting for? He's not going to go for public service loan forgiveness. Why not write the check today? What would you say to that person.
Especially in fourth year medical school, with having a baby and with a couple of other sort of uncertainties in life, sometimes having that cash on hand for at least a little bit longer is really useful. And so we're looking at probably a cross country move. We're looking at daycare, which is going to be expensive. And while I will be getting an income, will that income cover those things? And so we're holding off on just a little bit before we pull the trigger. But would it be probably money wise, smarter to pay it off all at once? Probably. It might be smarter even to just pay it off today once I'm done with your call. But talking with my wife about what's important to us and having that security for at least a couple months before we start residency, I think that is really important to both of us.
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