Hello!

I have recently started a job that will allow me to drastically change my spending (woo!) but I don’t know what I should do.

I finished school with a master’s degree and apprx 80k of debt, most of which is with NSLSC. since graduation, I’ve worked for an OK salary, - I have stable (low) rent, - some emergency savings, - The world’s smallest RRSP savings -And I’ve managed to pay my debt down at a slow but noticeable rate - I don’t have a car, I don’t have any wild expenses, don’t typically make extravagant purchases.

New job will allow me to put down much more on my debt and I am not sure where to put it!

All debt books everywhere recommend paying off the debts with the highest interest rate. BUT I am at a place where my student (government) loan is five, maybe six times higher, than my other line of credit related debt (no credit card debt). So NOW, while my govt loan interest rate is the lowest, it is so high that the interest is astronomical compared to the nominal interest of the lines of credit.

Should I A) throw all my money at my student loan to try and tackle the massive, massive interest? Or B) pay off the lines of credits first because the interest rate is technically high, and the balance is relatively low, and could be done kinda quickly?

Additionally - - Should I be contributing to my RRSP all the while or just really toss all my spare income on my debts first? - they say ‘student debt is good debt’ but from a credit reporting and interest perspective, it doesn’t feel very good! It doesn’t feel good at all!

If I tackle my student loans only, I can probably reduce the debt by half in one year. Don’t know if that makes a difference to decision making.

Not interested in investment info, I am not there yet and have relatively little ambition to ‘make it with the stock market’, invest in crypto, etc.

Thanks so much!!!!!