Article #9951

Lucy O’Brien was shocked when she discovered how high interest rates were leading to ballooning debt

Like many of my drowning-in-debt “plan 2” student loan comrades, I didn’t think twice about diving straight into a master’s degree, bright-eyed and fresh out of my undergraduate course in 2021.

To say I was naive to the additional financial burden would be an understatement. Even less did I think that, four years after finishing my master’s, I’d be using the savings money I’ve built up – which I’d planned to put towards a deposit to buy my first property – to pay back my postgraduate loan in full. And yet here I am.