Martin Lewis

Yeah, well, I know you're very, very sporty, so the World Cup... I mean, you do commentating, don't you?

Simon and I tell you in the background, we're offering messaging, especially about the cricket, right?

Because I don't have that many friends who are into the cricket.

So I'm often messaging Simon and saying, did you see that?

We had it because we were in pod last week against New Zealand when it was England-New Zealand.

So anyway, enough of all of that type of stuff.

I hope you've got a PPS for me at the end of the show.

This is probably your last one for a while, isn't it?

Because Matt's back next week.

What an interesting question.

What I need to state, and this is really important at the start, I am going to answer this question for Tom's very specific circumstance.

So he's on a Plan 1 loan.

Most of you listening will not be on a Plan 1 loan, which has a different interest rate to Plan 2 and has different repayment thresholds to Plan 5.

And most importantly, Tom, we know, is going to clear his loan, which changes the entire logic.

And not only is Tom going to clear his loan, but by the way he's written it, I'm assuming he's going to clear it within the next year or two so there isn't much left.

Otherwise, we'd have to talk about the risk that he might lose his job, have a lower salary and therefore not going to be paying it.

I'm going to ignore that for this.

Many people, especially on plan two and plan five, will not clear their loan in full before it wipes, which is an entirely different way of thinking and an entirely different way of behaving.

So don't think that this applies to you if you're in those circumstances.

So on a base level, I have to first assume that Tom does not have any other debts that are more expensive than his student loan.