Reply to WWYD - Student loan payoff versus savings

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[quote=Anonymous]I have about $80K in student loans.  
Only other debt is mortgage.  
After living expenses we have roughly $2500/month left over for savings and/or paying toward principal of student loans.  
My current monthly payment for student loans is $1200.  I mention this because paying off my loans, would increase our monthly income by $1200.  
Should we - put all of that towards the student loan each month and pay it off within 2 yrs??  Interest rate is 7%.  
Or should we split it out - half towards student loans, half towards savings??  
We do have about 6 months of living expenses in savings already and husband has a very stable job.  I am a SAHM who works VERY part time, but has the ability to easily return to the workforce and make decent money if necessary.  
Of note, the mortgage debt is for a rental property, not where we actually live.  We outgrew our house and are now renting it out, and renting the current home that we live in.  We would lose money if we sold the previous house, so saving money for a new down payment for a new house is also something we would like to think about.

Savvy financial wizards, help!  [/quote]

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