Repayments

Q1: Will interest be charged?

A: No additional interest is incurred on the student’s overall loan liability because of a loan overpayment. No interest is charged on any supplementary grants or supplementary grant overpayments.

Q2: Will these repayments affect a student’s credit score, given that they are classified as debt?

A: No, having an overpayment of loan or grant does not impact an individual’s credit score.