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Student loan - repay?

erbu
erbu Posts: 2 Newbie
Fifth Anniversary First Post Combo Breaker
in Student MoneySaving
Hi, 
I took my student loan out in 2008.
I still have just under 10K to repay.
I currently live abroad, thus I think I might be paying 9% ?
Should I just pay it off, or invest/ keep it in the knowledge that in the future I will return to the UK (within 2 years) and within another few years potentially want a mortgage?

Thanks in advance for the advice.

erbu

Comments

  • Ed-1
    Ed-1 Posts: 4,012 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 27 March 2023 at 7:05PM
    erbu said:
    Hi, 
    I took my student loan out in 2008.
    I still have just under 10K to repay.
    I currently live abroad, thus I think I might be paying 9% ?
    Should I just pay it off, or invest/ keep it in the knowledge that in the future I will return to the UK (within 2 years) and within another few years potentially want a mortgage?

    Thanks in advance for the advice.

    erbu
    As a post-2006 plan 1 loan, it gets cancelled after 25 years. Do you think you'll have to clear it before then?
  • erbu
    erbu Posts: 2 Newbie
    Fifth Anniversary First Post Combo Breaker
    Ed-1 said:
    As a post-2006 plan 1 loan, it gets cancelled after 25 years. Do you think you'll gave to clear it before then?
    Yes, PhD delayed repayments, I should earn enough (I think!)
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