It's daft to pay off student loan

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with inheritance when you are SAHM? friend says they did this...can't help thinking it is a shame as they could do with the money. they are in their 40s and surely student loans get wiped off after a certain number of years.

Mmm, I'm just wondering where this leaves the you must pay back the debt that you owe or you are depriving universities of funding brigade. There are many thousands of us whose repayments or otherwise no longer have any impact on the state, and that number is set to increase as there will be more sales. People should really factor this in if they're going to have a strong opinion.

The original loans were brought in with very favourable terms for the borrower that only those with "decent" salaries would repay them, it was a political decision in order to make loans the new norm.

The second cohort of loans are truly awful terms IMHO, then they started to refine them again.

Way back in the early 90's when I was at uni I thought that by now we'd have moved onto a credit system and scholarships more like the states so it would be far easier to work your way through uni and for the most able but poor students they would get financial assistance. Sadly I don't think either will ever happen.

Never did I envisage student fees becoming so much and it was way too late to be a factor in deciding how many DC to have I can see us having to remortgage to make our share of the financial contribution.

I can see us having to remortgage to make our share of the financial contribution.

Why though? Parents have been expected to make a financial contribution for 50 odd years. It's nothing new. Loans are relatively new, but they only replace the grant bit of maintenance that was only available to students from low income households, and fee loans are available to everyone.

In terms of expected parental contribution, nothing has changed

Parental contribution has always been linked to income. On paper we are expected to contribute in reality We don't have any "spare" income to hand over.

Difference is the level of "debt" I incurred was very little, I could have afforded to live without taking the loans. Now the "maintenance loan value" doesn't even cover the cost of accommodation at most universities we've looked at 🤷🏽‍♀️ tough reality is that if I don't contribute they can't afford to go... even if they work.

I can see us having to remortgage to make our share of the financial contribution.
Why ?
I give my kids the same amount of money I spent on them when they lived at home - around £75 a week each

The tuition fee is nothing to do with us

The maintenance loan does not go far in the South East so basically you have to look at the cost of living at different unis

I understand that Random - I was just bemused by your assertion that loans came in too late to inform your 'how many children to have decision' and I wondered what on Earth difference that has made given that your were always expected to support your children through university. Nothing has happened in the last 50 years that affects your contribution at all.