Look at it this way. You're paying 1-1.5% interest to have your money rather than pouring it into paying off this loan. You can calculate how much that is monthly/yearly and decide for yourself if it's worth it.
And between now and the payment resume day, you keep that 3% yield completely
You left out the interest rates on your loans. If they're low enough, then I'd suggest just keeping the loan and put the extra money into a HYSA. They're at close to 3% right now. Ymmv
AznXKitty_ t1_iya3xf0 wrote
Reply to comment by DapperAdhesiveness99 in Save for move or pay off student loan debt? by DapperAdhesiveness99
Look at it this way. You're paying 1-1.5% interest to have your money rather than pouring it into paying off this loan. You can calculate how much that is monthly/yearly and decide for yourself if it's worth it.
And between now and the payment resume day, you keep that 3% yield completely