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Should I take a student loan I don’t need?

DKacha · 2020-09-04 16:32:15

I’m receiving a fee decrease of £3k, and substantial bursaries, so I have applied for a tuition loan, but I don’t need the maintenance loan money because I’ll still have a surplus at the end of the year due to the bursaries. I wasn’t going to take a maintenance loan, but given all the posts about “you’ll probably never pay…

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grumiofoundation Posts: 3,051 Forumite

22 September 2020 at 7:21PM

khgreen said:

Should I take a postgrad loan if I can afford to pay for a masters upfront? I can afford the cost but will have to scrimp maintenance wise. Should I take the loan even though I already have huge undergrad debt and would have to pay masters loan on top of that?

Will you be earning enough to pay the debt back?

If you will be struggling maintenance wise you should certainly take the loan.

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