It is a question that is simple through the lips of over four million previous graduates.

It is a question that is simple through the lips of over four million previous graduates.

Will it be easier to save yourself or repay it?

“If I got more money, do I need to spend off my education loan? ” The solution is dependent upon whether you have other debts as soon as you learned, as that dictates whether your rate of interest is 3.3% or 1.75percent.

This guide that is easy-to-follow for just about any pupil whom began uni before 2012, and Scottish and Northern Irish pupils starting since that time. We are going to speedily just simply take you through how exactly to work away your position, the method that you’re impacted and solution one of the keys ‘should we pay it back? ‘ concern.

English or Welsh pupil whom began university in 2012 or later? This is not for your needs. See Martin’s ‘Student’s interest now 5.4%’ guide.

This guide just covers official figuratively speaking Company (SLC) loans, maybe not private, job developing or studies loans that are professional. For anyone see our pay back Debts With Savings? Guide.

In this guide

Would like to watch as opposed to read? See Martin’s movie below

Step one: check student loan type that is YOUR

A entire generation of Brits are in possession of figuratively speaking. Anybody who began degree since 1990 happens to be qualified – so even people who graduated 25 years back could continue to have them. Read more