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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?

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Askingforafriendtoday · 24/03/2026 16:04

There's a petition on the mn petitions site regarding the huge interest rate, it's worth a sign and share as widely as posdible. Expats can sign too. I don't particularly like the wording on the petition but at least whoever set it up had the ooomph to do so

PeonyPatch · 24/03/2026 16:20

Askingforafriendtoday · 24/03/2026 16:04

There's a petition on the mn petitions site regarding the huge interest rate, it's worth a sign and share as widely as posdible. Expats can sign too. I don't particularly like the wording on the petition but at least whoever set it up had the ooomph to do so

Where is this?

Askingforafriendtoday · 24/03/2026 20:01

PeonyPatch · 24/03/2026 16:20

Where is this?

@PeonyPatch Just put petions mumsnet or mumsnet petitions into your browser and you'll find the site. Petions have to be posted on there not in other threads, I was told by mn hq

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