Does it make sense to pay off my student loan?

Answers:0   |   LastUpdateAt:2012-11-04 15:03:42  

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B.N.
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Student loan is at a payoff balance of 15K. Have enough to pay it off and still have a good amount left over. At the same time, I am also thinking of moving in about 6 weeks and want to know if it makes sense to pay it off now and free up the $160 I'm paying a month. That same money is only earning about 1% interest right now and the interest rate on the loan is about 7%. Let me know what you think, thanks!
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