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Student loans explained: how they really work

Student loans can sound scary

Here’s the truth: you borrow money for university, then repay only when you’re earning enough.

Student loans aren’t like credit card debt. You don’t start paying straight away, and what you repay depends on your income — not the total amount you borrowed.

Why it helps to understand this early

Knowing how student loan repayments work can reduce stress, help you plan ahead, and stop you worrying about numbers that don’t affect your day-to-day life.

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