Hi @Ls23
The advice provided by @TaxedMask is excellent.
Your mortgage broker may have suggested that you pay it off if your borrowing capacity is being reduced to a point which will make servicing the loan difficult.
Most lenders factor in around 4% to 8% of your annual income as the loan repayment for a HECS/HELP fee debt.
If you can service your desired loan amount on the rest of your income then it shouldn't be necessary to repay it early.
You can find more information about the student loan repayment thresholds and rates on our web site here.
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