Just have a couple of questions about student finance. Will be starting University in October.
1) What are the early repayment options that are available? I could not find much information regarding this.
2) I know that personal savings are taken into consideration, but are ISA savings taken into account in the repayment scheme?
Question About Early Repayment and Savings Watch
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- 20-07-2014 22:25
Mark Lee - SFE Official Adviser
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- 23-07-2014 16:30
Hi Fango Jett,
You can repay your loan in full at any time and there are no penalties for early repayment.
Your personal savings are not taken into consideration for the repayment of your loans as the loans are income based and are repaid directly through your salary based on your gross income from earnings.