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 !

Under beneathsies...

I went to uni in London. I worked all holidays as a locum on 30 per hour and I had another job while I was studying. U still came out in 2010 with £36k of debt which is continually rising thanks to the appalling interest. My pgce was 9k of fees alone.

I will never pay it off and my repayments piss me off.

*You don't have to have debt if you are prepared to make the sacrifices
*
What a load of bollocks! I worked all holiday time and term time too for four years but there's no way I would have earned the £60k that's put me through uni.

Quite insulting to be honest.

I graduated 12 years ago and still owe £8k or so (not sure anymore - I live abroad and have had a few bouts of unemployment so I've lost track completely)

7 years £30k
I'm not expecting to pay it off any time soon, and I don't really think about it as a priority.

There is a lack of realisation around this among the general population - for e.g. I got my degree in 1990 and left with around £400 debt from the last few months. We got fees paid, a living grant, still got housing benefit and my parents gave me a small amount each month on a scheme that gave them a tax break - covenant I think it was called.

I recognise I was lucky. I also did a Masters which was jointly paid by myself and my organisation at the time and when I passed I got a refund of my contributions and then had to stay with them a few years.

I think if I was advising a child at the moment I would get them to look at practicalities, probably take a year out to work first maybe even do Open University rather than actual - not sure several tens of thousands are worth the "experience". It is slightly different for Dr or Nurses (who need a degree these days) dentists and so on who have to be at university but is a slightly higher salary worth that investment??? We are building ourselves shortages for the future by not recognising the contribution to society made by these professionals

Graduated over 10 years ago, about 18k when I left, now paid off

The sums involved today are huge

Graduated 13 years ago with about £15k debt, paid it off last year. Mine was the second year of fees - started in 1999 - it felt bad at the time but now I see how much worse it is for students today and recent graduates.

I graduated in 99 but managed to keep getting it deferred throughout my 20s as I kept changing jobs and every time I was inbetween jobs I applied for deferrment.

Then I had two mat leaves and one period of part time working so was below the threshold.

Now i'm paying it back at £141 a month but that's pretty much the same as my CB which we will lose in a few years when my husband goes back to work and his salary combined with property income will likely take us over the threshold. So my logic is I'm going to have to get used to living without the CB anyway so mayaswell now and use it to pay the loan off, it should be gone by 2020 so I've got around 3.5 years left (mortgage style loan with RPI interest). With any luck the CB will see us through til then.

Didn't go, £0 debt.

I'm 32, I only earn £24k but I do own my own home.

loan was about £20k. Paid off extra at the end of each year after graduating and got rid of it after 6 years - it pissed me off seeing it on my payslip every month so was very glad to see it go.

In Scotland so no tuition fees, self-funding postgrad. Took a small living costs loan in my final year but the interest is around £150-200 a year max. I think the interest rate is always the BoE base rate but I'm not sure.

The Plan 2 student loans are so badly designed and as the new threshold is £21k there will be lots of people who see their pay check reduced each month without ever having a hope of paying off their debt.

Someone on £30k (which is above the average salary) will be paying £810 a year and by the time the loan is written off in 30 years time, the annual interest will be just under £5k!

13 years ago and never had a student debt as nurse training used to be fully funded and I got a bursary. Can't imagine still being in debt after all this time. But I am aware that I am very very lucky.

You don't have to have debt if you are prepared to make the sacrifices

You went to uni before the new fees I presume? Someone would have to earn 20k a year whilst at uni and still live extremely frugally to self fund.

Fees at £9000... about to rise to £9250.
Basic accommodation is at least £400/ £500 a month with Bill's on top.

Never mind transport/clothing/food/etc

Graduated 8 years ago, £5,800 left to pay. To be honest I don't think about it, it's just like NI or PAYE to me. I definitely won't be encouraging my DC to go to university unless its for something vocational like medicine or teaching. I couldn't bare to see them get 60k in debt to just go to uni 'for the experience' which is basically what I did as I got a crap degree which isn't related to my career.

Feeling very lucky reading these, I graduated in 2001, 4 year degree which started in 1997. We were the last lot through who didn't pay tuition fees. My parents (and bf, now dh) funded my living expenses. I needed to take out a student loan in final year but df paid that off. Never really appreciated how fortunate I was.

Dh graduated about ten years ago. He has barely paid off any of his student debt as where we live higher paid jobs are so few and far between. He is still on £15k full time despite working since he was back from university. This is rural south Norfolk. I doubt he will ever pay much off his student debt to be honest.

I didn't go to university. I was accepted into 5 different ones and had very good A level grades but my gran was terminally ill at the time so I turned down going to become a carer to her (she was like a mum to me). After she passed away I slowly worked my way up in marketing and ended up with a very good career as a senior marketing manager.

Dd aged 13 really wants to go to university but I'm not too sure it matters so much anymore unless its medicine or law or something very specific. But we encourage her because it's what she wants to do.

It's amazing really the amount of debt students come out with.