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Student finance

2 replies

LottieLou3 · 10/05/2025 15:49

Hi all
I know student finance can be complex and different for everyone but I’m wondering if anyone could take a look at the attached statement and tell me if they think this is correct. I’m presuming it is because I’m putting my faith in the system but every time Ive spoken to student finance I feel like they don’t really know what they are talking about!

it’s a statement from 2023 stating that over the time I’ve been repaying my loans (I have a plan 1 and plan 2 for my Pgce) I’ve paid approx £15K off my loan but the interest paid is around £9K. Like I say, it’s probably correct but I feel very much fleeced with that amount t of interest. I’ve got friends and family who are about to finish paying their loan off and I’m nowhere near!

Student finance
OP posts:
CeaselesslyIntoThePast · 10/05/2025 15:52

If you want to pay it off you have to choose to pay it off. Not rely on salary deductions that are designed to keep you paying interest as long as possible.

PansyPottering · 10/05/2025 16:59

I think that is what it’s saying.

it says total interest paid during loan period then the amount. I don’t know what else it could mean.

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