2min chapter

The Martin Lewis Podcast cover image

Beat water bill increases, student finance & biggest ever savings

The Martin Lewis Podcast

CHAPTER

The Opportunity Cost of Paying Student Loans at Fees Ahead

If you don't take this borrowing and you pay off your student finance, you will be shrinking the amount of money that you have for a housing deposit. Our housing deposit is a much more difficult financial transaction than going to university because you get an incant contingent loan which only repairs if you earn enough. If you were to go to university and have a very low paying job afterwards, you wouldn't repair anything at all. So if you'd paid this money upfront, that would have been a waste. You can probably do better elsewhere in terms of saving the money and earning some on it. But if you may need the money else at another stage or you would have to borrow more on a

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