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Tuition fee interest for 1st year watch

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    When I take a tuition fee loan for first year of degree then start paying back beginning on the April following graduation (3 year degree), does the interest for the first years tuition fee loan begin to accrue from that April following graduation, or has the interest for the first years tuition fee accrued over the three years of the course.

    Even though it was not payable during the course.

    Was just wondering. Thanks
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    interest on loans starts the day you receive the money.
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    (Original post by little pixie)
    When I take a tuition fee loan for first year of degree then start paying back beginning on the April following graduation (3 year degree), does the interest for the first years tuition fee loan begin to accrue from that April following graduation, or has the interest for the first years tuition fee accrued over the three years of the course.

    Even though it was not payable during the course.

    Was just wondering. Thanks
    Interest starts to accrue on student loans as soon as they're paid out. I'm not sure precisely what date tuition fee loans are paid across to the university, but it'll be during the year in question.
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    Thanks very much for clarifying that.
 
 
 
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