Student loans: ‘My debt rose £20,000 to £77,000 even though I’m paying’

Student loan debt rising by £20,000 even though people are paying it back - Birmingham Live

One student has spoken out after seeing her student debt skyrocket by £20,000 to £77,000.

Student loans: ‘My debt rose £20,000 to £77,000 even though I’m paying’

Millions of graduates are trapped by ballooning debts, as their repayments are dwarfed by the interest added Helen Lambert borrowed £57,000 to go to university and began repaying her student loan in 2021 after starting work as an NHS nurse. Since then she has repaid more than £5,000, typically…

As one student nurse in England faces £77 thousand in debt Scotland’s free training and bursary means TWICE as many train to then give us 50% more nurses in hospitals and lower mortality rates

In the Guardian today: Helen Lambert borrowed £57,000 to go to university and began repaying her student loan in 2021 after starting work as an NHS nurse. Since then she has repaid more than £5,000, typically having about £145 a month taken from her pay packet. But everything she hands over is dwarfed by the £400-plus of interest that is added to her debt every month, thanks to rates that have been as high as 8%. Her total outstanding debt had b…

'I’m happy to pay for uni, but I’ll never clear my debt': Graduates hit out at student loans system

George’s student loan debt keeps climbing despite his well-paid graduate job. Like millions of others, he owes tens of thousands of pounds.