HSBC Professional Studies Loan HELP!

teachertom_2

Hi Everyone, I have a bloody HSBC Professional Studies loan for my veterinary study a couple of years ago, I borrowed 25K and I am due to start repayments in July 2011(its now totally around 29k and rising). I am stressing out over the repayments of £403pm over 9 years. I just dont know if I am going to be able to pay this amount back each month and be able to eat, live etc. I am a lecturer in 30k a year so its ok, however I also have to pay regular student loan back through my wages, live and work in London (expensive!!!). Does anyone have any advice for how I should tackle this, I have been doing my sums and trying to find a way round it, but currently I am going to fall short! The answer is to earn more money I know, and im looking. I am just panicking as my sums wont add up. Never take out a prof studies loan if your thinking about it, or you are earning good money already.

HELP!:eek::eek::eek:

Hax

Might be worth you posting a full SOA on the Debt-Free Wannabe section of these forums. People may be able to offer you some advice on where you can make savings to help you meet your financial commitments.

Have a read of this thread to get you started: clickity-click