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Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers

How long does it take to pay off a student loan?

Mhari Aurora
·1-min read

Student debt can often be a topic of confusion and and a perceived downside of getting a university education.

How much you end up paying back, however, is entirely dependent on how much money you earn after you graduate.

Tuition fees stand at £9,250 ($12,621) per year in England, Scotland and Wales, not to mention the maintenance loan which can bring an average graduate’s debt up to around £55,000.

Many graduates spend decades repaying their student loans, while others never pay a penny.

The key to calculating what you might pay back lies in how your degree improves your earning prospects and your realistic salary aspirations.