I owe £44k in student debt. Should I care? | BBC News

By BBC News

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How can you spend years paying off your student loan and still owe more than you borrowed? Ten years ago, the first Plan 2 borrowers started repaying their student loans. Since then, graduates who left university with similar debts have found themselves on very different financial paths. The amount you earn affects how much you repay, how much interest builds up and whether you'll ever clear your balance. BBC Education Correspondent Hazel Shearing investigates why so many graduates are frustrated with the system and what their student loan really means for their future. 00:00 - Hazel’s story 01:46 - What happened in 2012? 02:22 - What are plan 2 loans? 03:17 - Argument for plan 2 loans 04:08 - What do people think the problem is? 05:20 - The impact of plan 2 loans 06:14 - 10 years since repayments started 06:38 - We went to uni together, here's what we owe now 09:07 - Rethink Repayment campaign explained 10:36 - The script... the mis-selling scandal explained 11:56 - How your

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