Should I invest or save up to clear my student loan debt?

Assuming that you are using the local university student loan from OCBC, it is interest free during your course of study. Upon graduation, you will have up to 5 years to clear the loan without interest. Otherwise, the interest will be 4.5% per annum (subject to change based on prevailing rate).

Now, you have to decide if you are able to invest and earn the entire school fee beofre the end of 5 years upon graduation. Otherwise just pay off the loan and earn 4.5% return immediately.

By clearing your loan, you earn a guaranteed return of 4.5% while your investment return is not guaranteed. This is a choice that you will have to understand and choose wisely.

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