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Should You Even Pay Off A Student Loan?

The average student now owes £45,000 when they graduate from university, and interest rates on that debt have never been higher, with some students seeing over 7% added to their statements in the last 12 months. With such high rates, should graduates focus on getting the debt down as soon as possible? Here is the link for the student loan repayment sheet: https://financialinterest.com/student... Student loan calculator: https://studentfinancecalculator.co.uk/ The brokers I use: Trading 212 https://trading212.com/promocodes/DAMIEN If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app. InvestEngine https://investengine.pxf.io/eKR40z Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine Vanguard https://www.vanguardinvestor.co.uk/ This is not an affiliate link 00:00 - Value 01:05 - The Dearing report 02:08 - How long will it take? 02:45 - The interest rate 03:48 - Inflation vs the rate 05:09 - What percentage pay it back? 07:18 - Who should overpay? 09:47 - Graduate tax ATTRIBUTIONS: Video Title: Don't let money get in the way of university - a Welsh Government video Author: Welsh Government / Llywodraeth Cymru Source: Don't let money get in the way of university - a Welsh Government video.webm License: Creative Commons Attribution 3.0 Welsh Government on YouTube, CC BY 3.0 https://creativecommons.org/licenses/..., via Wikimedia Commons 🎵 Music licensed from Lickd. The biggest mainstream and stock music platform for content creators Why Don't You Get A Job by The Offspring, https://lickd.lnk.to/t8QFpcID License ID: oVDEQXL9DdO Try Lickd FREE for 14 days for unlimited stock music and get 50% off your first mainstream track: https://app.lickd.co/r/6795b74ff04e47...