Finally Paid off Student Loan: Question..

A question about : Finally Paid off Student Loan: Question..

I made my final payment to the student loans company on tuesday - feels amazing to have this weight lifted.

Question is, should I expect another bill from them as they only calculate interest at the end of the financial year?

Best answers:

• How are you paying? Through Direct Debit of through PAYE?
• Did you ring them and ask for a Settlement Figure? If so, the interest would have been calculated to clear your loan that day.
  If you used an estimated or statement figure, then there will be some residual interest.