I could use some help deciding where to focus my efforts in my current situation. I recently started a new job, with a salary of $45k. I am eligible for their 401k after 90 days, but I reviewed the options, and they just aren't worth it. No match, and the cheapest funds worth contributing to has fees of .09% or higher. I am also currently in school working towards an MA in software engineering, currently quarter-time but will need to go to at least half-time in fall (I'm required to finish the program within 3 years). I have $38k in student loans from my undergrad, with about 2/3 of that amount unsubsidized at 6.55%. The rest is at 3.25-4.15%. When I go to half-time at school, I won't have to pay the interest on the lower interest loans, but will continue to pay interest on the unsubsidized loans. I am trying not to take out any loans for my MA, as my mom is loaning me a majority at 1%.
To further add to my crazy busy life, I recently found out I am pregnant, due on Christmas Eve. My job does not offer paid maternity, but with CA laws, I will be able to take up to 12 weeks off (6 weeks of state disability pay, and the rest unpaid). I will have about a week of vacation time to supplement. I have two other children (3 and 1.5 years old) that my FI stays home with, so daycare costs are not a concern.
So here's what I'm wondering. I know we'll need to save money for baby expenses and for me to take the time off work, but with any extra money, should I put it into an IRA (Roth or traditional?) or pay down the student loans? Or I could just stuff it in my 5% interest savings account for now since we'd also like to save for a house? With the student loans, any extra payments go toward interest first, then the highest interest loans. I think there's currently about $5.5k in interest accumulated. Let me know if I should include any more information.