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Three in 10 UK graduates with student loans are reportedly turning down pay rises or promotions to avoid higher repayments. 🎓💷 Recent polling suggests some borrowers are deliberately limiting their earnings as frozen repayment thresholds and high interest rates increase frustration over student debt. Since repayments are linked to income, earning more can mean a larger amount being deducted from salaries each month. However, financial experts stress that accepting a pay rise should still leave graduates with more take home pay overall, as repayments only apply to earnings above the relevant threshold. The findings come amid growing debate over the cost of university and the long term finan
Three in 10 UK graduates with student loans are reportedly turning down pay rises or promotions to avoid higher repayments...
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