Should I make additional payments
I’m currently working as a business analyst in financial services in London earning roughly £65,000 per annum before tax meaning my monthly student loan repayments are £240 per month.
My current debt is £54000 which has a 7.3% interest rate attached. I graduated from university in 2020 so have another 25 years before it is written off.
My question - should I start making overpayments to pay off this debt in its entirety or will my current debt be written off with an outstanding balance after 25 years? The calculators online are not very helpful at all.
Posted Jun 14, 2025, 8:57 PM UTC
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