Should I pay off my student loan?

[BlueMediterranean]

Hi all

My partner and I would like to buy a house next year and also we are curently trying to conceive and hopefully we will be successful in the next few months.

I finished university 4 years ago with a studuent loan of £9,000 and somehow I still have to pay £9,396!!!! The interest is 2,4%

It would be stupid if I use a big part of my savings in pay off my student loan?

I'm trying to find information online and some people think it is better to just consider the student loan as an extra tax until it is wiped in 30 years. However, my partner thinks it is better to be debit free specially if I have to pay interests.

What would you do?

Thanks

• tune - bloody autocorrect

There are reasons why in some cases it's better to repay, but that aside I definitely wouldn't think about it until after you've purchased a house.
Having the loan won't make a difference to that but having less savings will. So examine it on the other side. Remember a smaller mortgage would cost you less each month too.

The problem with student loans is that the government can just change the rules when they feel like it. I have something around £15k in loans from 2001-3 and 2007-8. As a low earner and likely to always be a low earner (teaching/charity sector) I dont make any effort to pay them and feel mildly resentful of how badly the system is set up but otherwise ignore them.

absolutely not. Does not affect a mortgage application. Will affect how much you pay back if you are on a significant wage

I have a huge student loan (talking student loans company not others)!, i probably will never pay it back. I have a house and bought it on a single crappy wage!

The money would be far better used as a deposit for a house.