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Student finance

If I have money to repay some of my loan is that possible instead of waiting until the loan will be written off. For example I have £5000 can I repay that to student finance after I graduate and that be taken off my overall loan of what I need to repay ? And can u do this before I earn the threshold amount for repayments.
Original post
by Kiki_3
If I have money to repay some of my loan is that possible instead of waiting until the loan will be written off. For example I have £5000 can I repay that to student finance after I graduate and that be taken off my overall loan of what I need to repay ? And can u do this before I earn the threshold amount for repayments.


Yes you can, but it's not always a good idea. When did you start uni?

If you started between 2012-22 (plan 2), read this:

https://www.moneysavingexpert.com/students/repay-post-2012-student-loan/

If later (plan 5 loan), read this:

https://www.moneysavingexpert.com/students/student-loans-england-plan-5/

Reply 2

Original post
by normaw
Yes you can, but it's not always a good idea. When did you start uni?
If you started between 2012-22 (plan 2), read this:
https://www.moneysavingexpert.com/students/repay-post-2012-student-loan/
If later (plan 5 loan), read this:
https://www.moneysavingexpert.com/students/student-loans-england-plan-5/


I’m starting my this year so I’m on plan 5, but like if I have the money to pay some of it back should I not do that then ?

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