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Contributor

I am debating my options. I want to buy a home. What I am wondering is what to do with my finanaces.  I have roughly 7k dollars saved. I owe 17k in students loans. Would it be better to put that 7k toward paying down the student loans faster or save it for a down payment on a house?

3 REPLIES

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The question you need to answer is the 17k running interest? And if not will it be paid off before it does start accruing interest?
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If the student loan payment is manageable, then continue to save for a home. 17k is nothing for a student loan.
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Dear ETBell,

I encourage you to contact our team of financial advisers here at USAA at 1-800-771-9960, who will be able to help you figure out a good plan to balance savings and paying your loans! Best of luck!