@thequidsquid: Most people are paying far more attention to their student loan than they need to. 🎓 💷 For Plan 2 borrowers, only around 17% are expected to repay their loan in full. Everyone else pays 9% of what they earn above the repayment threshold, before the remaining balance is written off after the repayment term. 📈 The interest rate is currently 6.2%, but that doesn't automatically mean you should overpay. ✅ If you're a high earner who is on track to clear the loan before it's written off, making extra repayments could save you money in interest. 📊 But for many people, that same money could have a bigger impact in a Stocks & Shares ISA, your pension, or saving for a house deposit. 💬 Comment "SL" and I'll send you the full breakdown to help you work out which camp you're in. #PersonalFinance #financialeducation #studentloans

The Money Man | Mat

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Monday 27 July 2026 12:08:03 GMT