Outlook on Student Loans?

sulphate

I haven't overpaid mine. Several of my friends are overpaying theirs at the moment though, I don't see the point. If anything I want to make overpayments on my mortgage, not my student loan.

I can't remember the exact amount I owe but it's something like £6700, not a huge amount but as I only pay back about £31 a month it's going to take a long time to clear. And if we start a family soon..... :rotfl:

happybunny86

It isn't debt though because if you don't pay it off eventually it gets cleared. Most students on the new loans will never pay them off unless they have a really high starting salary after graduating. Don't bother paying off. Takes martins advice and invest the money in something else.

saterkey

I still think its a debt that the government can ill afford not to get back, otherwise there may be nothing in there for your children to have for their student loans in the future, its not an endless pit. so yes pay it back when you can, it is a debt, although like you say get on your feet first. I knew of a person once that was on his third degree and his wife 2nd, all paid for by the nhs with bursaries, I said are you going to work in the nhs at the end, oh no he said we will have our own business, hmm something not right somewhere, these were ones that he didn't have to pay back. there should be a limit.

DaMint

I don't count it as a debt, but it does take a chunk out of my pay each month. I think because I never actually have the money, I don't miss it; it would hurt more if it was a direct debit (I have enough of those already!)

fuzzer

If that was me leaving Uni with a huge debt, I'd be on the first flight to Australia, and say "chase me!":rotfl:

Sonic_The_Hedgehog

I'm concentrating on my big debts making that add up and Eureka moment happen was enough and since keeping my account conduct good and away from overdrafts etc. This debt and mindfulness affects me weekly, add on the reminder of my Original style Student loan and my heart sinks a little more. Being teh pre1998 type I was lucky and as I've not found a proper career job I'm still under payback threshold. As a result I ignore it but now it's gone private It's started to be more of a concern, as we know our Government like to change T&C's to satisfy themselves! grr! till then though I'll keep chipping away at my real debts and enjoy a glass of bubbly when they are finally paid off.

Muhren

I will not be including it when I say I am debt free. I didn't consider it a bad debt before I got myself into thuis mess and won't after either, the same as I won't count my mortgage when I finally get to my DFD.

Once I have paid all the money back that I built up through gambling I will be overpaying my mortgage with the SL very much taking a back seat. It comes out of my wages each month so have never missed having it and that is the way I will carry on.

stormtreader

I include it in my debts because once its paid off in 2 years time, the snowball debt calculator is reminding me to put that amount as an overpayment on the mortgage.

teffers

I still think of it as debt, but maybe not in the way I would a loan etc.

I'd love to use the student loan repayment website but I literally have never received any information about mine.

I was at uni in 2001 but only in the last couple of years have I started earning significantly over the threshold, and those payments do ramp up quickly :-s

I suppose I'll call them eventually and see if I can sort a login to the website.

mcmanlyn

I don't see mine as a 'normal' debt, I haven't managed to earn over the threshold yet & have never felt flush enough to throw extra money at it. I'd consider myself debt free if this was still outstanding, much like I would with a mortgage.

This year will be the 13th year that I have to defer it.

It's a weird mix of happiness at not having the extra payment each month & sadness at clearly not earning what I 'should' be at this point...