<prompt> Human: Been paying down my loans and my dad says that I should not pay it off. Told me that I will get higher tax returns. These are government loans so low interest rates. I always thought you want to pay off your loans asap? What do you guys think?  <response>: Hes... not right.While yes, you will be able to claim interest paid on tax returns, and get a reduction in income from them, and get more money back, this is a horrible idea. Youre saying Ill pay 20 in interest on my loan to get 2 back on my taxes!You will never get as much money back as you will pay in interest... sooo... No. Pay them off. 