Possible to pay back a Career Development Loan early?

Maley

Hi there,

Im about to start an MSc this September and I have to get a career development loan to fund my studies.

Firstly I'm going to try and get the full amount (10,000) with Barclays bank.

I was wondering if it is possible to pay back the full amount of loan whilst I'm at University? Therefore I would not have to pay back any tax.

Any help would be greatly appreciated,


Sean

olly300

I don't know how you are going to pay back the loan while at university as you will be studying more than full time working hours on your MSc so even if you did manage to squeeze in any work you would only be able to work one day a week. This is not enough to live on.

Concentrate on getting the best marks possible on your MSc and getting a job. You have to start looking from April onwards. Then worry about paying the loan back.