📺 I owe £44k in student debt, should I care? #StudentLoan #StudentDebt #BBCNews
I explain why some graduates in England can owe more than they originally borrowed, even after years of repayments. The discussion focuses on Plan 2 loans and whether making extra payments is worth considering.
- Graduate example and the comparison between repayments and interest added to student loan balances
- Plan 2 write-off after 30 years, and factors to weigh before making overpayments
For graduates deciding what to do with their loans, this offers context for assessing personal circumstances rather than rushing to repay. It recommends doing the sums first, but does not provide individual calculations or tailored financial advice.
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