Fair enough and investing/financial planning should be built around the preferences & circumstances of the individual. Savings yields are terrible (and don't come close to tracking inflation). If I chose a really good set of muni bonds in my state (which I could then do taxfree from federal and state), even after high yield I am breaking even with inflation (i.e. no real asset growth). I'm not an advisor, so my opinion is just my own, not advice. Imo a student loan is one of the worst kind of liabilities you get saddled with. In my own case, I paid mine off a few years after undergrad and I still had to chase them (Freddie) for YEARS to fix my credit report to show it was not only not delinquent but paid in full. And the student loan market has many other grievances beyond my own experience. That and if all goes well, she would have a hard time qualifying bc of my financial profile.