Suggestion for paying off Student Loan?
This shouldn't really be an issue for me for a few years but i would still like some input.
I am about to complete my second year of medical school, by the end of my time here i will have accrued approximately 85k of debt from maintenance loan and tuition.
When i graduate the plan is to move in with my parents for fondation year and pay towards food but not rent, they have agreed to this, so granted that all goes to plan. What would be better long term?
A) Not to live above my means for a few years and try to pay above the minimum to reduce the overall burden of interest and maybe pay it off
B) Understand its not feasible to pay it off and instead pay the minimum amount and treat it as a 'graduate tax'
Sorry if i come across as an idiot in any of this, I dont knoe loads about this tolic and would like to learn some more