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Thanks for the input guys. I think I'm going to invest $3,000 from savings directly into the Roth, and pay the entire $3,000 loan "refund" back to the loan. This was my initial gut feeling, but I also know the power of compound interest. Thanks
Would you be paying interest on the 3k immediately? If not you could throw it in a CD for 6 months then pay it back once interest starts.
Give the 3k back and pay the rest of the student loans off asap is the best idea. Dont let that $20k debt hang around for 10+ years...bust your hump to pay it off in a couple years so you can move on with your life. Under current financial laws you have zero choice but to pay the loan in full--not even bankruptcy will kill it, so you might as well make it your mission in life to kill it as fast as you can.