My wife & I have run into a large sum of cash recently and are interested in paying off/paying down our student loans -- about $30k between us, at about 6.5% avg interest.
We're both earning enough that we can no longer claim student loan interest on our taxes, and are hoping to buy a home etc and would like to bring down our Debt-To-Income ratio.
From what I understand there are typically early-termination fees to consider. Are there also any tax implications for paying off debt in a lump sum like this?
Does staggering large payments over the course of several months have any advantage? (mentally it'd be nice to get them out of the way now!)