Not really
In Scotland (at least) the debt is fixed at inflation.

So presuming you go into a reasonable job, the so called interest on your debt doesn't actually *increase* your total debt. It is quite simply by far the best value loan you will ever get and can be paid off in incredibly small amounts over decades. Nor does it affect your credit rating, not that that matters to me right now.
( whenanimalsattackhumans clad in global hypercolour, Thu 12 Nov 2009, 10:53, 1 reply, 16 years ago)

I don't know much about the scottish system,
but in England from what I've heard from the teachers I know. People are put off by the size of debt involved and there's only so much "it's not really a debt" and explation of how easy it is to pay back that they can say. It is putting people off.
(PsychoChomp, Thu 12 Nov 2009, 10:59, Reply)

^this
There's someone else who gets it!

I'm a lucky old bastard who got his degree before they started charging. In fact, I got a Student Grant to help me live like the Viz character of the same name.
( djtrialprice, Thu 12 Nov 2009, 11:15, Reply)

Possibly things have changed since my day - first year of loans and all that,
but I'm now paying 6% on mine. So good value, yes, but not exactly free. More than half of my current repayments goes on interest, so at this rate I'll be paying it off for decades. You won't really put a dent in your loan until you're on the sunny side of £30k a year.
(wellgroomedwookiee is a filthy-minded hobgoblin, Thu 12 Nov 2009, 11:22, Reply)