this post was submitted on 22 Jun 2025
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[–] Nighed@feddit.uk 4 points 1 day ago

Also to be clear, this is more like a graduate tax than a loan.

You pay back 9% of whatever your earn over £26k and whatever you owe is written off when you are 50 something. It doesn't count on credit reports etc.

It's not great though as high earners end up paying way less over their life as they pay it off early.