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guess salary from student loan payment?
Hi,
Just interested to know.
My colleague at work says he pays 150£ a month for his student loan and based on that, everyone should know how much he earn.
I don't have a student loan, so is he just joking or you can at least guess a range of someone's salary based on student loan payment?
Many Thanks
Jerry
Just interested to know.
My colleague at work says he pays 150£ a month for his student loan and based on that, everyone should know how much he earn.
I don't have a student loan, so is he just joking or you can at least guess a range of someone's salary based on student loan payment?
Many Thanks
Jerry
0
Comments
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Is this a joke?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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student loans are repaid at 9% on earnings above 1250 per month so he earns 150/9% = 1,667 +1250
i.e. 2916 per month0 -
I can now sleep at night.Credit card and overdraft at 18. 2 loans and 3 storecards at 20. University education flushed down the toilet through debt at 22. Car finance at 23. Car repossessed at 24. Rock bottom at 25. Learnt my lesson 26-33. Now 34 with a mortgage on an affordable house, a car paid for with cash and a bank account in credit. I learnt the hard way.0
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