Could it be far better to save your self or pay it back?
“If I got more money, can I spend down my education loan? ” the solution is based on whether you have other debts so when you learned, as that dictates whether your rate of interest is 3.3% or 1.75per cent.
This guide that is easy-to-follow for just about any pupil whom began uni before 2012, and Scottish and Northern Irish pupils starting since that time. We will speedily just just simply take you through simple tips to work down your situation, the method that you’re impacted and solution the key ‘should we pay it back? ‘ concern.
English or Welsh pupil who began college in 2012 or later on? This is not for your needs. See Martin’s ‘Student’s interest now 5.4%’ guide.
This guide just covers official figuratively speaking Company (SLC) loans, maybe maybe not private, profession Development or professional studies loans. For all see our repay Debts With Savings? Guide.
In this guide
Choose to watch as opposed to read? See Martin’s movie below
Step one: check always YOUR student loan kind
A whole generation of Brits currently have figuratively speaking. Anybody who began advanced schooling since 1990 is qualified – so even people who graduated 25 years back could have them still. (more…)