Question

How do I pay off my student loan?


Answers (1)

by Lucy 13 years ago

If you took out your loan through the Student Loans Company, then you will have to pay it back through the Student Loan Repayment company. You can start making payments through their website, where you will get full instructions and can also ask for advice about different ways of paying. You should study the site carefully, as there are things like an extra charge for paying by credit card, that you need to know before you start paying.

If your student loan was arranged in some other way, then you need to contact whoever provided the loan to talk about payment arrangements.

Generally, the best way is to make a regular fixed payment by direct debit. Then it becomes part of your routine and you hardly notice it after a while. Also, try to set aside as much money as possible, so you can pay it back more quickly and be free of debt.


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