Student-debt free by the age of 39

Our NQT diarist discovers four things that you might not know about your student loan – and realises just how long it is going to take her to repay hers.

For the average student from the average working family it now costs around £40,000 to qualify as a secondary teacher with a PGCE – down to £25,000 if you are fortunate enough to be able to live with family for free throughout the four years.

While many socialists praise the accessibility of higher education for families of all incomes thanks to student loan facilities, others are quick to criticise the investment necessary for us to participate in essential public sector careers such as nursing and teaching.

Fortunate enough to start my undergraduate degree pre-coalition-fee-hike, I (only!) owe around £22,000 for my BA. However, I did not escape the controversial fee rise for my PGCE (which was only available 300 miles from my hometown) and consequently I owe around £12,000 for that single additional year.

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