My salary per month: around $2,700
Wifes salary per month: currently part time at around $1,800-2,200 (she will be back full time in August and her salary will rise to $4,900 a month.
Those salary numbers are after tax
We have around $35,000 in a Vanguard account that is broken down into the following:
-Around $15,000 in VEUSX (European Index Fund)
-Around $12,000 in VTSAX (Index Fund)
-Around $8,000 in a Roth IRA (Index Fund)
We have about $1,200 in an emergency fund.
We have a 15 year mortgage with an interest rate fixed at 3.1% and owe around $162,000. House valued at around $220,000.
No credit card debt.
We currently have around $11,000 in student loans remaining. The interest rate on these loans is 7.2%. This number at a little over $150,000. We have come a long way paying this down and I can see the light at the end of the tunnel. We recently changed our payment plan to $385/month after my wife went part time with us having a baby. We also took a personal loan from my parents to help shave this number down and we pay them $375 a month to pay that back (juice is not running on the amount borrowed from my parents).
This is where the question arrives. Would it make sense to sell some of the European Index Fund or S&P Index Fund to clear out that $11,000 student loan? Am I wrong when I look at this from the view point of if I pay of the remaining student loans it is similar to getting a 7.2% return on my money? I feel like that is a good % and has a good chance to match or do better than the market. Help needed from people wiser than me. Thank you for your time in looking over this and sorry if I left anything out. I look forward to yall's advice.