Quote:
Originally Posted by Withano
Its student loan, you aren't required to pay a penny back until you earn a 20k+ wage. If he would pay it back out of choice despite not having a job (and probably never being eligible to having to pay it back) then he's stupid with money and wouldn't deserve it imo
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Well to be fair,some people like to try to clear off the student debts they have incurred,if possible to do so, because it is around your neck as long as you have it.
Should they apply for a mortgage, the debt is taken into consideration at that time too as an outstanding debt.
That is why some like to clear off the student debt they have if they ever can in one go.
Some people are coming out of Uni now with nearer £40,000 of debts hanging over them,that makes credit and mortgages more difficult to secure until being paid off or actually cleared.