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Prime Latest News

October 2017

Glen Callow

19 Oct 2017

Student debt: who won't repay?

The amount of a student loan that someone repays can be predicted from the profession they enter, says the Telegraph. A graduate entering investment banking, and getting typical salary increases, will pay off their whole loan in under 15 years. But someone entering publishing or journalism, with a much lower starting salary, will repay only 43 per cent of their loan, because the outstanding balance will be written off after 30 years.