→ On paper, George has done everything right – but he still finds himself loaded with student loan debt.
Graduating with high marks from his local state school, he went on to study economics at the University of Sheffield. In 2019, he secured a graduate finance job at a large FTSE company. The 27-year-old has worked there ever since, on a salary that he admits is “pretty good for [his] age” – just over £50,000.
“But I owe more now [on my loan] than when I started… it feels exploitative,” he tells Big Issue. “I went in 2016, graduated in 2019, so I was paying £9,000 a year… my principal was £27,000 and I currently owe about £31,000. I’ve been paying it back every year, but I owe more than…