Applying for a student loan for second year and onwards? Watch

aali.a62500
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Hi, I was wondering if it was worth to self fund the first year of university (if a person can) and then taking a student loan/finance for the rest of the (say) 3 year course. By paying for the first year I know that will obviously reduce the total interest you have to pay but like overall is it worth it. What are the advantages and drawbacks of doing it this way?
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claireestelle
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(Original post by aali.a62500)
Hi, I was wondering if it was worth to self fund the first year of university (if a person can) and then taking a student loan/finance for the rest of the (say) 3 year course. By paying for the first year I know that will obviously reduce the total interest you have to pay but like overall is it worth it. What are the advantages and drawbacks of doing it this way?
save the money for a house deposit/car, you have to be earning quite highly (as in starting salary at 40k and ending up near 100k in the next 30 years) to pay your loan off fully for most people.
I could have paid for my first years fees, but instead i paid towards my wedding and house deposit and it's one of my best life decisions.
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