A friend at work is going back into Further Education, as the job market is very slow at the moment and the course she plans to take is 4 years and has very good job security.
Now she is taking out a Professional Development loan with Natwest, but was slightly confused with either keeping the interest rate on the loan fixed or variable.
Now with the economic climate at the moment, I can't see the interest rate going any lower nut only higher is so at a later date.
The amount she is borrowing I think is £20k and will start paying it after 4 years.
We were having a discussion at work and think it might be better to have it fixed?
I remember we have a few financial gurus here lol so thought I should take your opinion as well!