Hi guys, In some desperate need of some advice and probably some education. It's not for me but for my fiancé. Today he received his statement from the student loans company, and was completely shocked and devastated by it. He was under the impression that it was an interest free loan when he applied for it (not true!) and the rate of interest he is getting on his current loan is shocking, especially as he it not earning enough to pay any of it back. It just seems to be sitting there, gaining and interest rate of £30 a month, increasing and he is powerless because he is not able to pay any of it back yet. Even if was earning above the £15K threshold, they only take out something like £7.50 a month, which would mean it would still be gaining about the same amount of interest and he would not be getting anywhere! He is worried because he feels that it is something that is going to continue to increase and at present, it is something he is powerless against because he cannot pay it back. Even when he is able to, the debt will be so much that it would probably never go down and will be something he will not be able to pay off in his lifetime. I know student loans are unique as in the don't come knocking at your door asking for the money and I believe they don't affect credit ratings, but it is something he is worried about, and he worried about how corrupt this government is and if they change the goalposts in the future. His friends were also shocked and under the same impressions, and are also worried about the implications this might have. They always sold student loans as something glamorous, but the reality is not that at all! Any help, or advice is much needed! I have no clue about student loans as my university course was paid for by the DOH and I was entitled to non means tested bursarys!