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Student for 3 Months - Pay it off?

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PancakeBear
PancakeBear Posts: 1 Newbie
in Loans
Hello, I was an English student in Scotland who dropped out after only a few months in 2017. I have enough money in savings to comfortably pay off the Student Loan in full. Should I do so?

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  • kaMelo
    kaMelo Posts: 2,862 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    How long is "A few months"?
    Because you left your course early did you receive an overpayment of maintenance loan?
    Do you know how much you owe?
    What is your earnings potential going forward?

    If you're likely to earn above the earnings threshold consistently going forward then, depending upon what you owe, yes it may be beneficial to you to pay it off now but without more information on those questions it's impossible to say either way.
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