realRXCH
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I have a couple questions regarding repayments:

1. What is to stop people asking for the maximum student finance knowing they will be paying small amounts until their entire student finance debts are wiped in 30 years.

2. Is there any point saving right now? I’m working part time while in my second year of University planning to save over 70% of my income to pay off my student finance. Should I continue doing this or should I wait until I’m working full time to pay off student finance in monthly instalments.

3. What happens if you are unable to pay your student finance within the 30 years? Does it affect your credit rating or does nothing happen?
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realRXCH
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Also, does the student finance amount you have to pay continue increasing as you pay it off? For instance, will I owe 30K after uni then something like 60K at the end of my 30 years.
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SFE Isaac
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(Original post by realRXCH)
I have a couple questions regarding repayments:

1. What is to stop people asking for the maximum student finance knowing they will be paying small amounts until their entire student finance debts are wiped in 30 years.

2. Is there any point saving right now? I’m working part time while in my second year of University planning to save over 70% of my income to pay off my student finance. Should I continue doing this or should I wait until I’m working full time to pay off student finance in monthly instalments.

3. What happens if you are unable to pay your student finance within the 30 years? Does it affect your credit rating or does nothing happen?
Hi there, your first two questions are up to you and our repayments team wouldn't be able to answer them.

Your third question, the debt is wiped after 30 years.

If you have any specific questions you can always message our repayments department on Twitter or Facebook https://www.facebook.com/SLCRepayment

Thanks, Isaac
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