Should student debt stop you from going to University?

Going to university is one of the many experiences you should have in life

Photo by Unseen Studio on Unsplash

My first degree was an LL.B (undergraduate Law degree), and after several years working in different fields, I went back to university to get an MMid (Undergraduate and Master's degree combined), in midwifery.

Both of my degrees were studied in London, and in case you aren’t familiar with Student Finance in the UK, here is a rundown.

• Most university courses cost between 9–10k a year.
• Most people are eligible for a ‘means-based’ student finance loan.

There are two different loans that people apply for:

• The tuition loan, which is paid directly to the university. And a maintenance loan which is paid in three instalments directly to your bank account. The maximum you can claim from the maintenance loan is £14,000.
• Most university students have a part-time job, as I have always done.
• From the moment you take out the loan, interest is accrued. The percentage does depend, at the moment mine is 7.1%
• When you start earning over a certain amount (the amount does depend, but the lowest is 22k), you will pay back a percentage (9% for…