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)