Why Money?

Student Loans

Student loans are the cheapest loan youll ever get. The interest charged is the rate of inflation which means, while there is interest on them, its so low that what you pay back is the same VALUE (in terms of what you could buy with the money on that particular day) as when you took it out. No other loan is like this.

Thats why Id say take one even if you dont need it. If you dont want to use it you can put the money in a high interest savings account and end up making more in interest than the interest youre accruing on the loan! A lot of people dont know this but having a student loan wont affect your credit score and therefore your ability to get a mortgage. Its also paid straight out of your salary only once youre earning over the threshold, so if you arent earning enough you dont need to pay, and because it comes out of your pay before you even get it you wont notice the repayments anyway.