Uni debt... how much and are you worried?

If there is, it's a new thing.
I foolishly repaid a small lump sum about 5-6 years ago when RPI was a lot higher, there was no fee at that time.
 
£16k and not the slightest bit worried, don't think anyone needs to be! The company I work for also has a scheme to repay student loans at £3k/year for up to 3 years, so should have got rid of mine in 5-6 years :D
 
Not totally sure what my student debt is offhand but I'm not greatly worried about it, it was unavoidable to incur it for going to university and even if I'd struggled more to reduce it yet further I fear I'd have missed out on a lot more at university so I didn't see it as a worthwhile option.
 
cheets64 said:
Thats not the attitude, no wonder kids are getting in debt, you have to pay your way in life.

You are no different then then the long term unemployed.
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You sir, should maybe understand the finances of the situation first. Aslong as savings rates are higher than RPI, there's no point paying back more than the minimum. End of.

And what makes you think you can bundle me in with the long term unemployed? I've been in part time work through 2 of my 3 years at uni, and I'm about to enter a year long internship at an international semiconductor company.
Think before you speak.
 
Well ofcourse I will pay back the minimum, I don't have a choice in the matter.
However, what is the benefit to me in paying back more than the minimum, assuming the interest stays as low as it currently is.

I accept that the RPI is likely to jump back up significantly by the time I start paying it back, but more than likely savings accounts will still be of higher interest than is accumulating on my loan.
 
Should be debt free when i leave Uni. Have been working through my first 2 years and that has paid for them and have so far saved what i will need for my 3rd year.

My student loan is being ploughed into my savings account every month and is there as a backup if i get stuck but by the end i should actually have MADE money by being a student...

If i do come out with any debt it will be in the region of 2-8k maximum.
 
cheets64 said:
So you think its good to not pay them money back. EVER
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Why would it be good to pay back more money than they are asking for? When you pay income tax, you don't phone up HMRC and say 'alright lads, tell you what, how about I pay my tax up front for the next year?', do you?
 
About £26,000


Im emmigrating after I graduate, so this country won't even get a penny of it.
I encourage everyone else to do the same, **** the baby-boomers. They've screwed us over too much, enough is enough.
 
Energize said:
The government should be funding university anyway so I don't see the problem with it. ;)
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No, they shouldn't. Labour want everyone to be able to go to university - it's already 50%+ so pray tell how they'd pay for it. Universities are under-funded, at least my one is, despite the tuition fee increases.

Anyway, £13k. And am I worried? Am I balls. It's 0% 'interest' this year anyway.
 
meghatronic said:
No, they shouldn't. Labour want everyone to be able to go to university - it's already 50%+ so pray tell how they'd pay for it.
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There wouldn't suddenly be a flood of people attending because it was made free, the universities would still only have a limited number of places. They would pay for it by reducing benefits, problem solved. :)
 
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