23 yo, My situation - looking for investment help

[d0nkaments]

Sorry for the sidetrack but I don't understand why people have standing balances on their student loans if they have cash sitting around lower yield accounts. Can somebody explain to me why I always see this phenomenon?

[Gigi]

Where do you always see this? Not everyone is rational. My bank teller friend would see $50K+ non-interest bearing checking accounts, when it would only take five minutes to open and link the current account to a 5% savings.

Same goes for the case when people pay off their low rate student loan aggressive when they could earn at least the risk free rate instead.