Will it be easier to save your self or pay it off?

“If i have got supplemental income, must I spend down my education loan? ” The solution is determined by whether you have other debts so when you studied, as that dictates whether your rate of interest is 3.3% or 1.75per cent.

This easy-to-follow guide is for just about any pupil whom began uni before 2012, and Scottish and Northern Irish pupils starting since that time. We will speedily just take you through just how to work your situation out, the method that 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 on? This is 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 Personal, profession developing or studies loans that are professional. For all see our pay back Debts With Savings? Read more