Student Loan advice

YourTurn

MallyGirl wrote: »

It is pretty depressing - and sad that my 16 yo is having to worry about such things. Like your chosen subject hers is a vocational degree to lead to a specific, and necessary, profession. I went to uni when no fees were charged back and I got a full grant - I came out in a good financial state and bought my first flat at 24. That just won't be possible for her

Unfortunately were are in such a rubbish situation that depending on whether she decides to live anywhere but the North that she won't ever own a property of any kind! :eek:

Pixie5740

I suppose that if you didn't need the full amount but taking it wouldn't cost you any more you could take it and put the money in a LISA if you haven't bought a home yet. If you have already owned property you could still take the full whack and squirrel it away for a rainy day.

Starrystarrynight1

Don't forget to factor in that any outstanding balance on your student loan is written off after 30 years.