I borrowed £43,871 when I went to uni and graduated in 2020.
I have been paying off my Plan 2 student loan since April 2021.
Today, my balance is £89,861.50.
Back in August 2024 my interest rate was 8% each month. To put that into context, that’s £590.90, and I could only afford to pay £115.00.
How is this fair?
In 2016 I was told it would feel like a household bill or a trip to the cinema. Now it’s the difference between getting on the property ladder or staying in rented flat shares.
Every month, to this day, £307.30 of interest is added to my bill. And I’m projected to pay 9% of my salary for the next 25 years to repay my student loan.
This has to end.
A Restore Britain government will fix this injustice and will always put British men and women first.
An important policy announcement.
A Restore Britain Government will abolish interest on all student loans held by British nationals living in our country, including the removal of interest already accrued.
A party backing young British men and women.
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