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Paying off Student Loan

nick1984
nick1984 Posts: 3 Newbie
in Student MoneySaving
Hi all,

I am going to be graduating soon and have saved the large majority of my student loan in an ISA.

I figure I can make up the shortfall before having to start to make repayments on it. I was just wondering if I have the option to fully pay back the loan in one go, or am I bound by monthly repayments like some traditional loans?

I probably won't do it, but it's nice to know I could be debt free easily if need be.

Thanks in advance

Comments

  • Goldilox
    Goldilox Posts: 86 Forumite
    Part of the Furniture Combo Breaker
    You can make voluntary payments and can pay off as much money as you like - https://www.slc.co.uk - read their section on voluntary payments.

    I unfortunately had to use my student loan to live on and couldn't stick it all in an ISA! :-(
    Lightbulb Moment: 15/04/06 :j

    Regularly check:

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