Originally posted by d000hg
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Don't pay off the loan. At the interest rate it'll currently be attracting it certainly doesn't make sense to pay it off. It is as close to "free money" as you will get.
If you pay say £5k loan off then you have £5k less cash but have in reality saved only a few hundred £ in interest each year. In these tough times I'd take the £5k in the bank.
If your income drops then so does your payments to the SLC.
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