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Student Loans Debt!
Hi there guys,
I haven't posted in a while, but I need some advice/opinions from you!
My friend's Son is off to university in September and is applying for his student loan in the next week or two.
By the end of his course, he'll owe around £35,000 to whomever he decides to borrow from..
I used this tool: http://www.helpwithdebtconsolidation...tion/index.php (which is actually quite cool!!)
This says that if he wants to pay it off within 10 years, it'll cost him about £650 per month! Now that's an awful lot of money!
Obviously 10 years is unrealistic, but do you think it'll have a large effect on his life for the next 10-20 years?
Has anyone had any experience of the new student loans debts?
Cheers, Paul
I haven't posted in a while, but I need some advice/opinions from you!
My friend's Son is off to university in September and is applying for his student loan in the next week or two.
By the end of his course, he'll owe around £35,000 to whomever he decides to borrow from..
I used this tool: http://www.helpwithdebtconsolidation...tion/index.php (which is actually quite cool!!)
This says that if he wants to pay it off within 10 years, it'll cost him about £650 per month! Now that's an awful lot of money!
Obviously 10 years is unrealistic, but do you think it'll have a large effect on his life for the next 10-20 years?
Has anyone had any experience of the new student loans debts?
Cheers, Paul