Student loan repayment query

[CaptainBeakyandhisband]

I’ve just had the very welcome surprise of a letter that my student loan will finish repaying in the next 12 months. I am now being encouraged to move from the salary sacrifice to the direct debit scheme but am trying to work out if this is some kind of con. Moving to the direct debit reduces the monthly payment to 60% of the current monthly amount and extends the remaining term to 24 months - and seems to increase the actual amount repaid by 20%. My understanding is that the SLC repayment is taken before tax, but not sure if I’ve got this right, but ultimately it appears that it’s going to cost me more to switch. Does anyone know? Should I just leave it as it is and then pay off the balance early next summer?

Thanks @Anotherturnipforthebooks - that’s certainly what I wanted to hear!

Hello! It is an old thread but I paid mine in full this month. I ended up making a final bulk payment soon after pay day, and the stop notice has gone through and I can see the full amount in this month’s pay packet.

Yay! Thanks for getting back to me. Payday today and we have the full amount. Feels like something of a milestone.

Great feeling when it's done, isn't it? My payments weren't as high as that but it was so nice when they stopped!