Student loans. Debt. Just want to ask for some opinions here. I don’t mean to brag but I...

Pay it off.

Sallie Mae makes it REAL easy to defer, and they will happily charge you fees for that. They will roll it into your balance, and keep charging you interest day after day, year after year. Then you will shocked to see your balance has ballooned and you owe more money than you thought possible.

It will take longer than you think, so get it done, now, while you have the money.

SW-User

If you are in the UK, the general advice is to pay off other debts/loans before the student one, because you only have to start paying back the student once you reach a certain salary level

room101 · 51-55, M

Where in this big wide world of ours are you?

As @SW-User has stated, if you are in the UK, you are not required to pay back your student loan until you have achieved a certain salary level. Furthermore, the interest rates on student loans are regulated and relatively low.

Regardless of all of this, however, if you are in a financial position to pay it off, do so. Minimising indebtedness is always a good strategy for financial security.

BizSuitStacy · M

Pay it off quickly and minimize the amount of interest paid.

Carazaa · F

Pay it off as quick as possible. If you have a loan its harder to qualify for the best interest rates buying a house or car, and not to mention that your student loan will increase eventually because of increased interest rates.

Spoiledbrat · F

If you can afford it yes. You don't want to incur a whole bunch of penalties unless you have to.

TheOneyouwerewarnedabout · 41-45, MVIP

Wasnt joe gunna cancel all that?

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BalmyNites · F

Wise business practice would be to commence repayments only once you hit the income threshold for doing so.

bystander · 70-79, M

Are you paying interest on the loan?

Crazywaterspring · 61-69, M

Pay it off as you can afford. Penalties and interest suck and it doesn't matter that much when you file income taxes.