Student Loans

[LollipopChaos]

Gotque a student loan back in 2000 time. It didn't amount to much, maybe £8000? Jobs afterwards contributed a small amount back. Then I became a parent ten years ago and since have never earned enough to contribute back.

My question is, do people make a conscious effort to pay this off even when they don't earn enough? Or people just see it as another tax in a wage slip if earned enough and shrug over the fact it'll just get written off eventually?

My student loan is quite big, about £30k now, but haven't seen the balance in a while but guess about that.

I just see it as it as another kind of tax that comes out of my salary - doesn't bother me.

I'm public sector with two maternity leaves behind me, so not likely to pay it off, equally not clear when and how it gets written off, so I'm treating like an extra tax and assuming that it'll be written off at 65.

Same I haven't seen the balance for a decade! But I imagine it to be around £375 interest per year so is probably just under the £15k mark now.

Mine gets written off at 65, but some get written off after 25 years

I never went to Uni and if I had I'm too old to have had one. Both my DCs do - in different schemes as they changed in the two years between them.

In my mind Student Loans are just an expensive and contrived means for a graduate tax.

If you earn enough to pay it back then you pay. If it will be written off after n years then I'd not be inclined to pay it down voluntarily unless its presence affected my finances in some other way.