Aibu to ask, how long ago did you graduate, and how much have you got left to pay?

[Mannerscostnothing84]

I totally realise this is all relative. I am just curious as to whether anyone gets theirs paid off in a reasonable amount of time.

I am sick to death of seeing it come out my pay, and have made some over payments in the past to clear it faster.

I earn a decent salary, but have had 2 years maternity leave so no payments made during those periods.

I graduated 11 years ago and still owe £5500 !

Graduated in 2001. I had the old mortgage style loans where you had to pay the entire amount owed in 5 years. My repayments were £126/month on a takehome salary of £1250. I hear people complaining that they have to pay 9% of everything over £15k and they don't believe me when I say my repayments were 10% of my entire takehome salary. Apparently no one can live on that

It's a graduate tax by the back door.

Interest gets added faster than HMRC deduct from my pay. It will never be paid off (given I have a salary around national average and likely to stay that way).

Parliament voted against graduate tax but that's what we have now!

And to actually answer the question - graduated 2010, original figure was about 30k, now stands at about 40k. Increases every month by a couple of hundred quid, my weekly deduction is about 10 quid. Hey presto, graduate tax!

I graduated in 2004 after 4 years of study. I was the first year of no grants. I graduated with £18,000, basically my gross salarly for my entry level grading. I've had a patchy employment record from supply teaching, so sometimes I earn over, sometimes under. Them there's been maternity leaves. On average, I've only repaid the interest, the balance has never decreased. In a way, I'd be better off consistently earning under the £15k threshold than having income deducted here and there, and unlike tax, there's no rebates for overpayments. I think much of it will be written off in the end. My studies were essential for my proffession.

1993 and still paying! 😨

Graduated in 2011. I've never earned enough to start paying it off, but they keep adding interest anyway!

I owed £9,000 when I graduated, now it's upto about £14,000 and rising every month.

I owed £9,000 when I graduated, now it's upto about £14,000 and rising every month.

FFS, what is the interest rate?

I graduated in 2010. I actually can't remember how much my student loans were, and I have never bothered checking with the student loan company. I didn't borrow on any credit cards or anything while I was at uni so, in my opinion, it's not "real debt".

It may be a chunk out of my wage, but I'm still way better off than before I went to university, so it does not bother me that much. The most I earned before university was £12k. i'm on more than double that now, with great earning potential over the next 2 -5 years.

I can't believe £15k is the threshold for newer graduates.

This thread makes me feel lucky.

Graduated in 2013, owed £25,000 and now owe £21,000. I don't think I'll ever manage to pay it off.

Graduated 1998, last year of no fees. Paid loans back within 2years of leaving uni. But it was only about 5k.

I'm about to graduate I think I'll have 47k to pay... its never going to be paid right

I graduated this summer with over £60k of debt (UK tuition fee + very high maintenance loans). My parents very generously paid it off for me because they freaked when they saw how much interest was being added (I think around £230/month for me). They're not rich so this was a big deal.

They're going to pay for my MA up front. They won't let me take out the £10k loan. (Yes I know I technically could go against what they want, but I won't).

£200+ a month interest!!!.... i should just accept now that I'll be paying 9% extra tax until I'm 60 right

Anyone else think its unsustainable to keep these fees up?

I graduated in 1999 I have paid off the initial debt amount but still need to pay off all the interest which has doubled the debt. Pretty good for something that was marketed at the time as interest free.

I have European relatives & friends and they're either leaving with NO debt or continuing their studies well into their twenties. Changing direction if they want when they discover new talents (e.g. from econ to architecture). They're getting so much for so little.

Reading some of these posts, I'm feeling pretty thankful at owing 5.5k. Some of the amounts for more recent graduates are pretty eye watering.

With my two little people (age 1 &. 2) unless they want to be a doctor or something where university is essential, I think I'd encourage them to consider an apprenticeship or similar.

Graduated in 2009 with about 18k of debt and £7k left now. By the time I get a pay rise in May I'll have about 3k left and will try pay it off in a couple of instalments rather than through PAYE. Im paying about £500/month at the moment so will be great when it's gone!

I graduated 13 years ago and I have £23k in loans. I've never paid anything towards them as I've either been a sahm or working very part-time, so I'm unlikely to ever reach the threshold (which is relatively high, about £28k). I might return for a Masters next year as there are now loans available.

It's a horrifying amount of money to start your working life owing.

Essentially now it is a 10% graduate tax for the rest of your working life

I graduated 14 years ago and I think I owe more than I even borrowed in the first place! I don't think I'll ever pay it back in full!

I'm pretty responsible with money and hardly have any "immediate" debt, but I don't stress over student loans one bit....what's the point?

I graduated in 2004 and paid off debt in 2011/2

4yr degree, graduated in 2002 owing £13k. Crap temp jobs and a Masters meant I started paying it off properly 3yrs later. Last payment is due in January!

Some of these Fees are shocking! I feel extremely lucky. I graduated 2010 (3year degree) but live and studied in Scotland so no uni fees. I did get a bursary that was means tested but due to circumstances changing i had to repay £1150 of that. Managed to pay off in a year with no interest charges.

I dream to go back and get my masters but again I'm very very lucky that my employer (specialist field) would cover the fees.

2001 and never got a loan as my course fees where paid i got a bursery and i worked every summer, half term etc full time in an office job. Im very lucky. Is it true the debt gets paid off. Makes me wonder if i should have done that now.