Should I overpay my student loan?

See Martin's blog and video:

'Should I overpay my student loan?'

And let us know your thoughts.


  • Hello!

    I was wondering if someone could help me. I went to Uni in Sept 2016 and then withdrew in March 2017, meaning my loan was only £4500 (1/2 year).

    Today (November 2019) I owe nearly £5,300 with interest. I want to know am I best off paying this off in full, rather than letting it be deducted from my salary? I am already earning over the payback threshold so it's not as though I am someone who will never have to pay it all off as its a small amount and I'm already paying it off through my salary.

    Am I right in thinking it makes sense to pay it off in full when I can, rather than let it be deducted through my salary, as then I will pay way less in interest?

    Thanks in advance for your help! :money:
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