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# Seeking Advice on Loan Repayment Strategy

Hi everyone!

IÔÇÖm a 24-year-old female who graduated college in 2023 and started working in the corporate world in the fall. I dedicated myself to securing scholarships throughout my time in school, allowing me to graduate with minimal student loan debt, which I take great pride in. As of now, I have $6600 remaining in loans with an interest rate of 6.25%. I am seeking advice on the best course of action for repayment.

My employer offers a $2000 reimbursement towards loan repayment, but this amount is subject to taxation as ordinary income, resulting in me not receiving the full sum. I recently received a tax refund of around $6600, leading me to ponder whether it would be more beneficial to pay off my loan entirely or invest the money in the market and utilize my company’s reimbursement program.

In addition to my student loan debt, I am debt-free and have a 12-month emergency fund stored in a High-Yield Savings Account with a 5.5% interest rate. I contribute to my 401k up to the employer match (50%) and allocate any remaining funds towards ETFs. Due to my visa status in the US, I refrain from investing in Roth IRAs or other retirement accounts to avoid penalties on my savings.

Please note that the $2000 reimbursement can also be used towards wellness expenses. If I choose not to allocate it towards loans, I will find alternative uses for the money, although I do not currently have any qualifying expenses.

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