We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Student Loan Repayment Responsibility

Options
2»

Comments

  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    amy-jane wrote: »
    Hi, I am also in need of some student loan advice!
    With the bank accounts having such low interest, I am wondering about paying some of my student loan off. I have finished my degree with £13,500 of debt. I am now doing a PGCE and getting about £50 a month interest.
    Should I use my savings to pay some of this off?
    I'd appreciate any help!

    Personally I wouldn't as once you've repaid the money it can never be available to you again. You may well need your savings to pay for moving costs or deposits when you start teaching, or to help with living costs if you're unable to get a job immediately.

    I'd wait until you're settled in a job, making normal repayments and reconsider your situation then.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture