Hey, I am going to UK for my masters, I get to know from some where I will get grace period for my education loan's repayments, But I have some funds can I start repay some amounts while I am studying, Can I apply for a partial loan if I already have some savings or funding?
Yeah my brother moved to UK last year with help of education loan, we also repay some of amount during his studies my father has a business they see our house and my mother is govt employee, little chunk of her salary goes to the bank we started repay some amounts while my brother studying.
Partial Loan: Yes, you can apply for a partial loan to cover the gap after considering your own savings or funding. This could help you minimize debt.
Repaying During Studies: You can repay part of your loan while studying, either through full or partial payments (depending on your loan terms). This will help reduce the interest burden but should be done carefully to ensure you can manage living costs.
Before making any decisions, make sure to check with your loan provider to understand the specifics of their policies regarding repayments and partial loans, as terms can vary between lenders.
