Don’t kid yourself – this scheme isn’t about helping you pay your university fees, it’s about chaining you to debt for life. The interest rates they slap on are nothing short of extortionate.Their customer service is abysmal, and the website never updates properly. They’ll charge you more interest than you actually owe, and then fob you off with lies over the phone or by email.If you want to do something meaningful with your life, fine – but do not go to university unless it’s for a course with a very clear and practical outcome, like economics, medicine, engineering, or law. Otherwise, you’re signing yourself up for a parasitic relationship with the government.And don’t be lulled into the whole “don’t worry, the debt’s wiped after 30 years” line. Think about what it actually means: your salary reduced by £150–£300 or more every single month, while the debt quietly piles up with interest. That’s not help, that’s a shackle. Use your money wisely.Don’t do it.
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Student Loans Company is a non-profit making, government-owned, organisation in the United Kingdom; providing loans and grants to students in further and higher education.