Get Should I Pay Off My Student Loan Early Gif. It can make sense to pay off student loans early if you already have an emergency fund, retirement savings and no other toxic debt to repay first. Deciding whether paying off student loans early makes sense or not is a big decision.
For one thing, you can work on paying off any bad debt.
I save at least 18% of each paycheck for retirement and only pay the minimum on my student loan balance. Dear monzo, should i bother paying off my student loan by clearing your student loan early, you could actually end up losing money! Having a job is a great thing in today's economy, but with uncertainty ahead, consumers should not take their employment and income for granted. Paying off student loans early could be the right option for some people, but it does come with some downsides.