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  • FIRST POST
    • Dajmcnn
    • By Dajmcnn 12th Dec 17, 9:44 AM
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    Dajmcnn
    Inheritance
    • #1
    • 12th Dec 17, 9:44 AM
    Inheritance 12th Dec 17 at 9:44 AM
    My son if off to Uni shortly and will obviously end up with student loan "debt". Thinking way ahead if he comes into any inheritance (or any windfall for that matter), is he oblidged/required to use this towards paying off any student loan ? Would like to think he could put it towards his own property etc
Page 1
    • silvercar
    • By silvercar 12th Dec 17, 10:17 AM
    • 36,644 Posts
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    silvercar
    • #2
    • 12th Dec 17, 10:17 AM
    • #2
    • 12th Dec 17, 10:17 AM
    NO. Think of the student loan repayments like a tax on earnings. No need to pay more back than required by income.
    • Dajmcnn
    • By Dajmcnn 12th Dec 17, 7:07 PM
    • 2 Posts
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    Dajmcnn
    • #3
    • 12th Dec 17, 7:07 PM
    • #3
    • 12th Dec 17, 7:07 PM
    Brilliant, thanks for that
    • *starrysky*
    • By *starrysky* 6th Feb 18, 3:52 PM
    • 3 Posts
    • 1 Thanks
    *starrysky*
    • #4
    • 6th Feb 18, 3:52 PM
    • #4
    • 6th Feb 18, 3:52 PM
    I think that is correct, however, I think that if that money is invested and earns interest, tthe interest may be considered as an income.
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