'The System Is Totally Unjust' – What People Really Feel About Their Student Debt

Some people ignore it, some people are resigned to it, and others panic about it. And for those who started university from 2012 onwards, the impact of their student loans this week got a bit greater. From September, they could now face interest rates of up to 6.3% on their loans.

Interest increases add to “the huge psychological burden that debt has on many students and graduates” says the National Union of Students, which estimates that many people are left owing up to £50,000.

So, is it really worth it?

HuffPost UK asked current and former students what they really think about the debt. Some turned down university places through fear of taking out a loan, while others reckon that while their education was pricey, it still represents “a pretty good deal.”

No regrets

Victoria Chandler, a 24-year-old former Journalism, Media and Culture student studied between 2012 and 2015 and owes £42,000. She is paying her student loan off now, but her debt is bigger than when finished the course – something that she says is “frustrating”, although she has no regrets.

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