is saving my student loan smart or dumb?

i have the maximum student loan allowance and a bursary and most of it goes into my premium bond account

prior to starting university, my intention was to only claim the maximum loan for the first year and then use a combination of savings and claiming less maintenance loan to come out of uni with the least debt possible

however, i decided instead to claim the maximum for all three years, maximise my debt but also my savings

my reasoning was that the maintenance loan is repaid in small manageable amounts, it's likely that i won't repay all of it (which negates the ~6% APR) , and if i do repay all of the loan that probably implies i'm well off enough to not worry about whether or not i could've been slightly richer now had i borrowed less money in the past

and i wanted to come out of uni with a significant amount of savings because i actually want a house some day lmao

have i made a big misunderstanding here or is what i'm doing sensible?

great minds think alike or fools never differ?

Why premium bonds

bsc ppe at warwick yeet jk i hate it. you?

easy access, exceptionally low risk and relatively high return

yes, linear algebra, hypothesis testing and basic economics *really* informing me well

where do you study?

nice

i don't know. might do computer science masters because i want to be an engineer not a job relating to ppe sadly

you?

What's their rate of return, out of curiosity?

nice

i don't know. might do computer science masters because i want to be an engineer not a job relating to ppe sadly

you?

Sorry to interject -

If you want to become a software engineer, there's no need to do a CS masters.

Personal projects + internships in the summer is more than enough.

wanted to be a lawyer when i picked my a levels. although i originally picked maths, one of the assistant principals convinced me not to do it unless i really liked maths

by ucas time i wanted to do economics but no maths a level. ppe at warwick was the best combination of good university and degree with quantitative/economic content that didn't require a level maths

i had pure bsc econ at surrey as my insurance but warwick definitely better

i have the maximum student loan allowance and a bursary and most of it goes into my premium bond account

prior to starting university, my intention was to only claim the maximum loan for the first year and then use a combination of savings and claiming less maintenance loan to come out of uni with the least debt possible

however, i decided instead to claim the maximum for all three years, maximise my debt but also my savings

my reasoning was that the maintenance loan is repaid in small manageable amounts, it's likely that i won't repay all of it (which negates the ~6% APR) , and if i do repay all of the loan that probably implies i'm well off enough to not worry about whether or not i could've been slightly richer now had i borrowed less money in the past

and i wanted to come out of uni with a significant amount of savings because i actually want a house some day lmao

have i made a big misunderstanding here or is what i'm doing sensible?