{"id":440669,"date":"2026-02-23T04:20:09","date_gmt":"2026-02-23T04:20:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/440669\/"},"modified":"2026-02-23T04:20:09","modified_gmt":"2026-02-23T04:20:09","slug":"student-loan-interest-means-doctor-fears-he-will-never-pay-it-off","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/440669\/","title":{"rendered":"Student loan interest means doctor fears he will never pay it off"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Dr Tagg, originally from Yorkshire, is eligible to pay interest of up to 6.2% on his loan which was taken out with Student Finance England.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He estimates in this tax year alone, he has accumulated an extra \u00a33,000 of debt, but only paid off half of that.  <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Interest is calculated differently depending on when and where you took the loan out which <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/ce3k4xdqyp1o\" class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" rel=\"nofollow noopener\" target=\"_blank\">UK chancellor Rachel Reeves called a &#8220;fair and reasonable&#8221; system<\/a>, after backlash for freezing the threshold in England.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But Dr Tagg said &#8220;It wasn&#8217;t something that was at the forefront of my mind&#8221; when he started a five-year course at Cardiff University when he was 18.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Like most 18 year olds, I saw university as furthering your education, a chance to better yourself,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;I was aware that the university fees had increased at the time, and I think they&#8217;d gone from \u00a33,000 to \u00a39,000 there, so I did know I was going to be borrowing significantly more.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;What I wasn&#8217;t prepared for, because I didn&#8217;t have a crystal ball, was how that would spiral, I&#8217;d accumulated another \u00a314,000 worth of interest before I&#8217;d even finished my studies.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Dr Tagg, originally from Yorkshire, is eligible to pay interest of up to 6.2% on his loan which&hellip;\n","protected":false},"author":2,"featured_media":440670,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":{"0":"post-440669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-kingdom","8":"tag-gb","9":"tag-great-britain","10":"tag-greatbritain","11":"tag-news","12":"tag-uk","13":"tag-united-kingdom","14":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/440669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=440669"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/440669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/440670"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=440669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=440669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=440669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}