...pay the minimum for what I'll be earning.
I started univeristy in 2004 so I'm classed as an old system style student. I will graduate 2009 with about £16500 amount of debt, before interest and just before I'm 25. I'm I right in thinking that I might as well just pay the minimum repayments each month right up until I'm 65. The £16500 plus all its interest, just paying the minimum each month means that there will be some left when I reach 65 so it will just be cancelled then. If I was to start to pay more than just the minimum then I'd be paying back money that could just be cancelled when I became 65.
Has anyone else come up with this?