reply to TOPDAWG
Re: Student loans why don't some people pay them back? in terms of loans to pay back, student loans are one of the best ones to not pay in full, and pay as per monthly determined rate.
This is true for those that have multiple loans/CCs/debt and such. The interest rate is so low that pay off the student loan is a dumb move over paying your CC bill that has a 19% interest rate.
basically, this will all depend on each person and what their current loans/debt are. but the student loan is the lowest interest rate one most likely..
now if you only have the student loan as your only item, and had money to pay it off, than yes I would agree with you, only at this time frame where interest rates are so low (for you're gains on investments I mean). But say this was year 2002/2003 were interest rates for savings/GICs and such were higher. It would be better to use the extra money in those investments, and just keep paying the student loan off monthly.