info pay back student loan
Hi
I should get a student loan for this year ( foundation ) + 3 years uni ,
how does the repayment work? I'm worried about the interest rate so, example: I'll get 40 grand for 4 years, the interest rate for this year is 5.7%, must I pay +£2300 every year that I have the loan just for the interest?? so when I will finish to study I will have to pay back £40,000 + more than less 7/8 thousand pounds of interest... Can I pay back the loan during the years that I'm studying? example working during summer time and give back the money earned..
thanks for your help
I should get a student loan for this year ( foundation ) + 3 years uni ,
how does the repayment work? I'm worried about the interest rate so, example: I'll get 40 grand for 4 years, the interest rate for this year is 5.7%, must I pay +£2300 every year that I have the loan just for the interest?? so when I will finish to study I will have to pay back £40,000 + more than less 7/8 thousand pounds of interest... Can I pay back the loan during the years that I'm studying? example working during summer time and give back the money earned..
thanks for your help
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