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Student loans- feel sick

603 replies

Lazy56789 · 29/07/2025 07:15

I did a degree around 15 years ago, and a Masters around 10 years ago.
A repayment is taken out of my salary each month based on my earnings, but when I received a letter from student finance today I saw my balance was 41k! And over 2k in interest was added in the last tax year.

It's terrifying, I'm not in a position to pay off huge amounts, how does anyone do it? The figures are eye-watering, I feel like i must've done something wrong for it to be so high?

OP posts:
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TeenToTwenties · 29/07/2025 07:17

Isn't this part of the design? Don't high earners pay it off, but everyone else keeps making repayments until it gets written off?

Munchyseeds2 · 29/07/2025 07:17

Many people will never pay off their loans
It gets wiped after 30 years I think

Largestlegocollectionever · 29/07/2025 07:16

No it’s what they want, everyone broke and struggling to repay it!