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In my situation, would you take out a student loan or not?

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    I'm studying for an NHS funded degree and am thinking of getting a maintainance loan for the last 2 years. So in total I will be getting out £3500 which is about £1750 per year. I currently get the tuition fees paid for by the NHS and a bursary of £300 a month. However even with working I struggled a little last year which is why I'm thinking of taking out the loan as it will give me an extra £140 per month.

    The thing is I'm wondering is it worth getting the loan out for an amount this small. It will still take me years to pay back depending on my starting salary when I finish. I can understand people taking out maximum loans if they are going to have a loan to pay back anyway but in my situation what is best would you say? Should I struggle and make do for another two years or should I take the loan out to give me a little extra money but be lumbered with the repayments afterwards?

    It's there. You may never know when you need it.

    (Original post by indigofox)
    but be lumbered with the repayments afterwards?
    Remember that you don't make any repayments until you start earning £21,000. And even then, the deductions from your wages will be small and will only increase as you earn more. In their current form, they're not burdensome.
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