Should I pay off my student loan?

Graduates to face crisis in jobs hunt

Student loans are one of the cheapest forms of long term debt possible. Pay them off early and you'll lose access to some of the lowest borrowing rates around, something that might well come in handy in future.

If nothing else, you can dump your student debts into a high interest savings account, which should give you better returns than the cost of servicing your student loan.

We've found this excellent guide provided by Moneysavingexpert.com on the ins and outs on student loans.

http://www.moneysavingexpert.com/loans/student-loans-repay


January 19, 2009, 9:48 am