Pay off a loan

mardi 6 janvier 2015

Daughter is working, earning good money and saving up to buy a house.

She has a £15k student loan and each month a portion comes out of her monthly salary,the interest rate is very low about 1 or 2%



She has enough to pay off the loan in full.but that means she has to save for longer to get a deposit on a house.



I'm no expert in these matters..... so should she pay it off and finish with it or just let it roll and when its paid off in maybe 5/10years be done with it then.



Anyone here have any advice about the route to take.




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