Property News · March 3, 2018

Teacher: ‘At my salary I’ll never pay off my loan or to buy a home where I live’


A 23-year-old graduate on how she organises her finances – and why she is putting off travellingI’ve always wanted to be a teacher, and after Durham university I decided to do a one-year masters at the University of Oxford, for which I got a scholarship. While here I got my first teaching job, and am now in my second year.In April 2016 I owed the Student Loans Company £41,981.77. In my first year working I paid off £104, but gained £564 of interest. So, from April 2017 I owed £42,441.91. At my current salary I will literally never pay it off. But I don’t see it as a debt, I view it as a graduate tax. I pay more because I went to uni, and I now earn a good salary as a result. Continue reading…

Source : theguardian.com
Read more…Teacher: ‘At my salary I’ll never pay off my loan or to buy a home where I live’

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