How to Reduce Your Child's Borrowing

The student loan is the best form of borrowing you will ever be offered. You really don't want to start getting commercial borrowing that they're going to chase you for if you can't repay. People's aspirations change when they go to university and so do their repayment rates. If your child has a higher earning career, I still probably would take the full loan now. Check out a lifetime answer if you're talking about saving for housing deposit as well, rather than paying off the student loan.