"Here’s a maths problem for you.
Adam borrowed £44,000 to go to university and has paid back £7,000 since graduating four years ago. How much does he owe? The answer is £54,000. That's because he is one of thousands of graduates in England and Wales who took out a type of student loan between 2012 and 2023 on which interest rates hit a record of nearly 8% earlier this year."What sort of graduate is going to be taken by surprise over having to pay interest on a loan?
"Adam, 26, studied in London for a BSc in economics..."
The kicker?
He now works in finance in the capital...
*boggle*
H/T: CJ Nerd via email
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