Will it be more straightforward to conserve or repay it?
“If i have got supplemental income, must I spend down my education loan? ” The clear answer is dependent upon 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 almost any pupil whom began uni before 2012, and Scottish and Northern Irish pupils starting ever since then. We will speedily just take you through simple tips to work down your position, the way you’re impacted and solution one of the keys ‘should we pay it back? ‘ concern.
English or Welsh pupil whom began college in 2012 or later? This is simply not for you personally. 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 developing or studies loans that are professional. For everyone see our pay back Debts With Savings? Guide.
In this guide
Would rather watch as opposed to read? See Martin’s movie below
Step one: check student loan type that is YOUR
A entire generation of Brits currently have student education loans. Whoever began advanced schooling since 1990 happens to be qualified – so even people who graduated 25 years back could continue to have them.