COST COMPARISON

Amount

£

Expected Starting Salary

£

EDAID
PRODIGY
FUTURE FINANCE
SLC
This representative example compares the costs and repayment profiles for a one-off borrowing towards an educational purpose. All the assumptions are provided towards the end of this page and as part of tool tips below

EDAID

TOTAL TO REPAY:

£10,896

REPAYMENT PERIOD:

6 years, 8 months

FEES:

£500

INFLATION (CPI):

£896

INTEREST CHARGES:

£0

FIRST REPAYMENT:

£168

PRODIGY

TOTAL TO REPAY:

£15,015

REPAYMENT PERIOD:

8 years, 4 months

FEES:

£500

INFLATION:

£0

INTEREST CHARGES:

£4,515

FIRST REPAYMENT:

£179

FUTURE FINANCE

TOTAL TO REPAY:

£18,460

REPAYMENT PERIOD:

11 years, 2 months

FEES:

£650

INFLATION:

£0

INTEREST CHARGES:

£7,810

FIRST REPAYMENT:

£146

GOVERNMENT (SLC)

TOTAL TO REPAY:

£15,860

REPAYMENT PERIOD:

16 years, 0 months

FEES:

£0

INFLATION (RPI):

£3,772

INTEREST CHARGES:

£2,088

FIRST REPAYMENT:

£30

Assumptions

Please note we do not provide any advice as to which route you should take to fund your degree.

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