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Should I still make payments to SLC as a graduate student?

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  • gruey
    gruey Posts: 5 Forumite
    any tips at all then
  • gruey
    gruey Posts: 5 Forumite
    are there any loopholes in the system to get around paying back student loans
  • Diminutive
    Diminutive Posts: 348 Forumite
    100 Posts
    Yes, never earn more than 15k for 25 years ;)
    Other than that, theres no way to really get out of it, even declaring bankruptcy doesnt "erase" it!
    Honestly though, since top up fees arent introduced till this coming year for new students, you probably only have 1,200 per year in fees and then your living allowance loan plus you would have got a grant too? Compared to what some students will be in (me included). You actually got a decent education and degree out of that..... something the government heavily funded for you to have as well. I think that you should pay for what you have in life if you can, to make it fair for everyone.
    ~Diminutive
  • anewman
    anewman Posts: 9,200 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Is this 25 year thing true? I don't think I'll ever earn over £15k :(

    After being unemployed for a year after graduating living off my credit card I doubt I'll even be earning £9k anytime soon. Just makes me think that getting a Career Development Loan of £8k to do a masters is complete lunacy.
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