‘I’m spending my house deposit savings to pay off my postgrad student loan’

“Lucy O’Brien was shocked when she discovered how high interest rates were leading to ballooning debt Like many of my drowning-in-debt “plan 2” student loan comrades, I didn’t think twice about diving straight into a master’s degree, bright-eyed and fresh out of my undergraduate course in 2021. To say I was naive to the additional financial burden would be an understatement. Even less did I think that, four years after finishing my master’s, I’d be using the savings money I’ve built up – which I’d planned to put towards a deposit to buy my first property – to pay back my postgraduate loan in full. And yet here I am. Continue reading...

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