In the UK, 77% of 2017 university grads will never fully repay their student loan debt

Because of the UK's dramatic shift from student grants to loans, a startling report from the Institute for Financial Studies predicts that 77.4% of university graduates in the UK's class of 2017 will not repay their full student loan obligations. This is up from 41.5% just six years ago in 2011.

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$6,000 payments against student loan reduces debt by $700

Bill Boegeman racked up a student loan debit of $82,961.02 to get a B.S. in social studies education from Minnesota State University, Mankato. It's going to take a very long time to pay it off. Read the rest