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Student loan 5.4% interest - panic or pay it off?

Student loan 5.4% interest - panic or pay it off?

(The answer may surprise...)

Martin Lewis explains how interest and repayment really works

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Top cards for under-18s

Prepaid cards & bank accounts for kids

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Universal Credit

Universal Credit

How to claim & what you can get

Universal credit is a controversial new benefit designed to simplify the welfare system. It combines six benefits into one single payment, but the roll-out has been plagued by delays to payments, which have left tens of thousands of vulnerable people in rental arrears and some even dependent on food banks.

Facebook Selling Tips

Facebook Selling Tips

Flog on local groups for FREE

Local Facebook selling groups and Facebook Marketplace are taking over from eBay as the place to earn cash flogging unwanted stuff in your area. The best bit is there are NO fees, so the profit's all yours. This is a crash course on how to earn £100s.

Do a Money Makeover

Do a Money Makeover

Overhaul your finances & save £1,000s

Taking a day to cut your bills, treating it like a job, saves many people £1,000s over the year. And unless you earn £100,000s, that's the best paid day of the year.

25 Brexit need-to-knows

25 Brexit need-to-knows

Incl house prices, visas, flights, consumer rights & more

The UK is now set to exit from the EU on 31 October. This once-in-a-generation event – originally due to take place on 29 March – will affect everyone in the UK, their finances and their consumer rights. But with huge political uncertainty, MPs voting on whether to block a no-deal Brexit and now a possible general election in the offing, much is up in the air. Here we give you the facts where there are facts – and MSE founder Martin Lewis's risk analysis where there aren't.

Rent Out Your Home on Airbnb

Rent Out Your Home on Airbnb

20 tips for temporarily renting a home or room to holidaymakers

Airbnb and other sites could help make you £10,000s from letting your home or spare room. This is a crash course in safely renting out your spare room or entire property for short periods, from getting the best price to the right insurance.

Earn freebies for testing products

Earn freebies for testing products

The top 'freebies for feedback' sites

From perfume to electric shavers, coats to chocolate, MoneySavers have grabbed hundreds of brand-new freebies. This guide has a rundown of the top product-testing freebie sites and how to bag the best stuff.

Make Money Online

Make Money Online

38 top paying sites and apps for making extra cash

If you've a computer or smartphone, there are a host of ways to boost your coffers – some are quick, others slow-burners. You could earn £1,000s/year by clicking and swiping, with no special skill needed.

Life Insurance

Life Insurance

Level term policies to protect your family’s finances

The sobering statistic is around one child in 29 loses a parent before they grow up. Sadly, the grief and misery are often compounded by a loss of income causing financial crisis – but life insurance is one of the cheapest ways to protect your family's finances if the worst happens.

Boost Your Income

Boost Your Income

60+ ways to earn extra money

There are scores of legit ways to earn extra money, whether selling stuff, working from home or using the web. After all, no matter how good a MoneySaver you are, a little bit more money's always useful.

Lost luggage auctions

Lost luggage auctions

Grab bargain unclaimed suitcases

Walking away with someone else's luggage could bag you big bucks. It's all about buying people's unclaimed suitcases, via lost luggage auctions.

Over-50s' MoneySaving

Over-50s' MoneySaving

51 tips to save incl freebies, pensions, equity release

If you're over 50, or about to get there, your money world goes through some big changes. So sort your finances now – the older you get, the more your cash needs to look after you.

Marriage tax allowance

Marriage tax allowance

Get a tax break worth up to £900

If you're married or in a civil partnership, you may be entitled to a £1,150 tax break called the marriage tax allowance – but about 700,000 couples are still missing out.

What to do when someone dies

What to do when someone dies

Death in the family, or loved one? Full checklist

It's tough enough to know what to do when someone dies, whether a loved one or family member - and that's even before bureaucratic and financial issues. This checklist features crucial tips to make things easier.

Death happens – plan for it

Death happens – plan for it

20+ crucial checks to minimise financial trauma

Death can cause financial tragedies as well as grief. Yet planning for the end isn't about being morbid. It's about making crucial financial preparations to lessen the impact when it happens.

Baby Checklist

Baby Checklist

53 tips 'n' tricks to save with a baby or toddler

Babies are as costly as they are cute, so prepare your finances as early as possible. We've 53 tips 'n' tricks to help, whether you're expecting number one, two or more.

Top 23 Online Survey Sites

Top 23 Online Survey Sites

Get paid cash for surveys & market research

Willing to give views on politics, washing-up liquid or what goes on between your bedsheets? If so, it's possible to earn £100s a year, without any special skill or talent.

Student Loans Mythbusting

Student Loans Mythbusting

The truth about uni fees, loans & grants

Ignore newspaper headlines about students leaving university with £50,000 of debt. That's mostly a meaningless figure. What counts is how much you'll repay; for some that's far more, for others it's free.

Help With Childcare Costs

Help With Childcare Costs

Get £1,000s in tax credits & Tax-Free Childcare

Whether you have a wee tot or big teen, the costs of childcare can be huge. Yet 100,000s of working parents are missing out on £1,000s of help with these costs. This guide to boosting your childcare budget includes tax credits, Tax-Free Childcare, free school schemes and more.

How to do good at Christmas

How to do good at Christmas

Volunteer or donate to help those less fortunate

Christmas is a time for exchanging gifts, sharing food and spending time with family. But there are many who are less fortunate and less able to celebrate, from those sleeping rough over the festive period to elderly people living alone.

Student Checklist

Student Checklist

60+ tips to stretch your student loan

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Redundancy Help

Redundancy Help

Step-by-step guide to redundancy

Losing your job can be a huge financial hit, which can affect your ability to pay bills and bring about an urgent need to re-evaluate spending. If you're at risk, there are ways you can protect yourself by planning ahead.

Graduate Accounts

Graduate Accounts

Cut the cost of post-uni banking

Don't stick with your student bank after uni – loyalty can cost! Banks love fresh grads and offer exclusive deals, such as 0% overdrafts for up to three years. If you've graduated in the past three years, see if you can ditch and switch your account to save £100s in fees.

Prepaid Funeral Plans

Prepaid Funeral Plans

What are prepaid funeral plans? Are they worth it?

The death of a loved one is always difficult. Add to this rising funeral costs which now average £4,300 for the essentials and the aftershocks can be considerable. Increasing numbers of people are now taking out funeral plans so they know most of the cost of their funeral has been covered before they die, to ensure their family isn't left to foot a hefty bill. We help you work out if a plan is right for you and if so, what sort.

Tax Credits

Tax Credits

How to claim child tax credit and working tax credit, renew or appeal

Tax credits can be worth £1,000s a year, even after the cutbacks of recent times. Unlike many other benefits, you renew them each year. However, most people making new claims now (rather than renewing) have to apply for universal credit.

Benefits Calculator

10-min check to get what you're due

Mental Health & Debt

Mental Health & Debt

Free PDF booklet to download

No debt problems are unsolvable. It might not be easy or quick, but there's always a route. When mental health problems are involved, some special solutions apply.

Should I repay my student loan?

Should I repay my student loan?

Or is it better to save or clear debt?

It's a simple question spilling from the lips of over four million former graduates. "If I've got extra cash, should I pay off my student loan?"

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A

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C

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  • Death happens – plan for it
  • Do a Money Makeover

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F

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  • Flog your rubbish for cash
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G

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H

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  • How to Stop Spending

I

  • Inheritance Tax

M

  • Make Money Online
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O

  • Over-50s' MoneySaving

P

  • Power of Attorney
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R

  • Redundancy Help
  • Rent Out Your Home on Airbnb

S

  • Cheap Sanitary Products

T

  • Tax Credits
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  • The Electoral Roll
  • Things to do with the kids
  • Top 23 Online Survey Sites

U

  • Universal Credit

W

  • Weddings On A Budget
  • What to do when someone dies

#

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  • 41 Comping Tips

Other Guides

Boost Your Income - MoneySavingExpert
  • Boost Your Income

    60+ ways to earn extra money

  • Rent Out Your Home on Airbnb

    20 tips for temporarily renting a home or room to holidaymakers

  • Earn freebies for testing products

    The top 'freebies for feedback' sites

Junior MoneySaving
  • Top cards for under-18s

    Prepaid cards & bank accounts for kids

  • Help With Childcare Costs

    Get £1,000s in tax credits & tax-free childcare

  • Universal Credit

    How to claim & what you can get

Tax and Benefits
  • Universal Credit

    How to claim & what you can get

  • Tax Credits

    How to claim child tax credit and working tax credit, renew or appeal

  • Redundancy Help

    Step-by-step guide to redundancy

Students MoneySaving
  • Financial Education

    Why it's so important

  • Graduate Accounts

    Cut the cost of post-uni banking

  • Should I repay my student loan?

    Or is it better to save or clear debt?

Health & Wellbeing
  • Death happens – plan for it

    20+ crucial checks to minimise financial trauma

  • Cheap Contact Lenses

    Halve the annual cost of lenses

  • Cheap Gym Membership & Fitness

    Free gym passes and bootcamps

QUICK LINKS

5-min Benefits Check

Calculates what you're entitled to

Income Tax Checker

Find if you’re owed a tax rebate

Check your tax code

See what the taxman should take

FROM THE FORUM

Benefits & Tax Credits

Info and what you should get

Marriage & Families

Couples and parenting chat. Join in!

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We think it's important you understand the strengths and limitations of the site. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong.

  • This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service.
  • We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips).
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MoneySavingExpert.com is part of the MoneySupermarket Group, but is entirely editorially independent. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code.

Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code.

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