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Original poster

Student loan question

4 replies

1AnotherOne · 01/07/2024 17:48

I’ve switched my student loan to direct debit rather than PAYE and the end is very nearly in sight!

I have £200 remaining on my student loan and my DD is set at £125pm.

Once this month is paid I’ll have £75 outstanding. My question is will my last payment be that or will they take £125 and owe me a refund?

So pleased to be rid of this debt after nearly 8 years!

OP posts:
Car0000000ts5 · 01/07/2024 18:24

It'll be the £75 outstanding. I was in the same situation last year. It felt like a promotion when it was gone! Congrats!

Original poster
1AnotherOne · 01/07/2024 19:34

Car0000000ts5 · 01/07/2024 18:24

It'll be the £75 outstanding. I was in the same situation last year. It felt like a promotion when it was gone! Congrats!

ah brilliant! Thanks so much! It’s a great feeling

OP posts:
Tirangapete · 13/10/2024 09:35

Question
my daughter has come into some inheritance around £30,000 she will go to uni to study law her career path might be that of a high achiever

should we use that money to pay her course fees and thus not have these high interest student loans (plan 5)

librathroughandthrough · 13/10/2024 09:37

Tirangapete · 13/10/2024 09:35

Question
my daughter has come into some inheritance around £30,000 she will go to uni to study law her career path might be that of a high achiever

should we use that money to pay her course fees and thus not have these high interest student loans (plan 5)

You would be better starting your own thread asking this.

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