UK doctor warns student loan interest could keep him paying for decades

1 min read
Source: BBC
UK doctor warns student loan interest could keep him paying for decades
Photo: BBC
TL;DR Summary

A UK doctor says his student loan debt has grown from £55,000 to about £80,000 due to roughly £25,000 in interest, with around £3,000 added this tax year and only half of that paid off. Interest accrues immediately and can reach up to 6.2%, delaying plans like buying a home. Loans are written off after 25–40 years depending on the region, and while the government defends the system as fair, graduates and policymakers are pushing for reform.

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