But what’s the salary level to start paying it back? 22-25k
I chuffing wish, 15 K,for me, and not going up with inflation , so dropping every year in real terms- I pay 9%. And I graduated in 2002. For those my generation does anyone know if it expires at all like the newer ones or am I stuck with this shit for the rest of my life? Cos I’m yet to earn enough to even reduce it, I’m just paying the interest. I used to work in consumer finance, if this was FSA regulated I’m pretty sure it would be illegal.
Similar situation for me – graduated in 2003, been paying back something every month pretty much since I left uni, and literally still owe as much as I left uni with. As far as I know, it stays until paid off or death – whichever comes first! :(
Edit – until retirement makes more sense