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

Options
At the current rate of repayment I will have paid off my student loan within a couple of years.


I was trying to investigate whether it would be worth paying off in 1 lump sum.





Is it possible to negotiate with the student loans company to pay off the full amount for a slightly reduced amount?

Comments

  • sheramber
    sheramber Posts: 22,435 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    You can pay it off if you want but you will pay the full amount of the loan plus interest until it paid.

    So you won't pay interest after it is paid off.
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
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K 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.