Martin Lewis advises against overpaying student loans, suggesting mortgage payment as a potentially better option.
Martin Lewis warns that directing spare cash towards student loan repayment might not be beneficial for all, and could be like "flushing money down the loo". In a Q&A session, Lewis advises considering paying off a mortgage instead as it is a tougher debt to clear. He cautions that overpaying on student loans would only be advantageous if an individual has a substantial amount to clear the loan entirely.
July 21, 2024
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