Dear Paul,I’ve been working for a little while since graduating, but I have a large HELP debt. My priority is to save to buy a house, but I also want to contribute to super and I’m conscious of reducing the student debt because of indexation.I’m unsure if I should focus on saving a deposit and/or contribute to super and reduce my debt. – JoshYou know, Josh, if anyone will lend me money as a HELP debt, which they won’t, I’d take as much as I could get.Sure, it is indexed, but you only have to pay it back as your salary goes up, and it can sit there forever with no interest repayments.I’d prefer you to save for a deposit rather than pay off your student debt or build your super.
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