If you have student loans and you want to pay them off early, my question to you is … why? Why pay off student loans early? In most cases, it doesn’t make good financial sense to take present day cash to pay off long amortization schedule, low fixed rate, whereby the interest is tax deductible (for most people). Instead, it’s better to take the money you were going to use to pay the student loan off early and invest it in high return on investment endeavors like real estate investing.