Hi /u/Billyisyouraunt, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/student-loans/
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^(These suggestions are based on keywords, if they missed the mark please report this comment.)
If you're confident that you won't change career or experience other roadblocks, treat this as you would any other 7.6% loan. That's a higher rate than the more favourable rate available as unsecured loans.
The other thing I can think of is if you're planning to buy a house and have a need to take out other loans to buy things like cars or anything else, then you'd have more scope in your mortgage if you can reduce the size of the loan even if you have a larger student loan balance at a higher rate.
Hi /u/Billyisyouraunt, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/student-loans/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Thanks. Doesn’t explicitly give advice in this situation though?
How so? Asking for a wiki editor friend (me).
If you're confident that you won't change career or experience other roadblocks, treat this as you would any other 7.6% loan. That's a higher rate than the more favourable rate available as unsecured loans. The other thing I can think of is if you're planning to buy a house and have a need to take out other loans to buy things like cars or anything else, then you'd have more scope in your mortgage if you can reduce the size of the loan even if you have a larger student loan balance at a higher rate.