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Inheritance
Dajmcnn
Posts: 4 Newbie
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
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Comments
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NO. Think of the student loan repayments like a tax on earnings. No need to pay more back than required by income.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Brilliant, thanks for that0
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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.0
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