Should I drain savings to pay off student loans?

I have 64k in federal student loans at about 7% interest rate. I have a secure job making 65k a year and am about to be in line to get a new position which will increase pay by 16-20k per year within the next 6 months. I have 40k in savings and could pay a large chunk off right off the bat. I have a really good living situation with my grandma and don’t pay much. My plan was to use my saving account to put towards a house, however, I want to pay off my loans as quick as possible. The idea of using my savings all up makes me nervous. What would you do?