What's the best way to get rid of my study debt?

I have a study debt (14.559,61 euro's) which has an annual interest rate of 2.73%. Every year I must pay back at least 1500 euro's, but I can pay much more, probably around 7000 / year. But for my savings I get 4% interest every year.





What's better: paying it all back as soon as possible or putting it on my savings account first as long as possible?

What's the best way to get rid of my study debt?
Unless you can pay a larger chunk it is better to put the money aside to earn on it. I too am still paying off those school loans. If the rate of your loan remains the same each year better to gain on your money in case of emergency.
Reply:4% is higher, indeed, but what's the taxes you'll have to pay on that (the 7000 earning 4%)?
Reply:i say just pay it all back as soon as possible so you dont have it hanging over your head.





if you want to keep some money in the bank, pay more than double the required amount, then you would still have money in the bank and avoid some of the interest on the loan.
Reply:I have never heard that the debt interest can be 2.73 and savings interest is 4%, then all Banks will shut down!