The Student Room Group

Self fund or Loan?

So ive been doing some research and I want some second opinions. I have an undergrad loan from my bachelors and im going into a pre-reg msc this september. With all the fuss with having a second repayment plan, I figured I could self fund the course to avoid being on multiple plans - my uni offers a 20 percent discount and I was thinking of using the nhs lsf and my own funds to pay for the tuition (which would be just under 4k for both years and roughly 3 months of savings).
However while looking into having multiple undergraduate repayment plans, the only cons are that id pay for 40 years instead of the original 30 and pay about 15 to 20 pounds more a month due to the threshold changing to 25000 from 27250. I have been offered a large amount for my maintenance loan along with the 5k lsf funding - therefore I would come out of uni with a significantly higher amount than I would if I self funded (but just with a bigger loan).

What would you choose to do in this situation, would you self fund to evade the slightly extra costs and time, or would you take out the maximum loans and have a larger sum of money in your account for when you leave uni?

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