Statistics Behind Paying Off Student Loan [Infographic]

Statistics Behind Paying Off Student Loan [INFOGRAPHIC] Paying off your student mortgage is a frightening prospect, particularly when you could have just graduated. So how long will it truly take? The infographic below from moneysupermarket.com tells us simply how long and the way a lot a typical skilled would pay back. For e.g. I, as an Engineer, would take around 30 years to pay back my pupil loan. And there is no stigma in paying off your student mortgage on its schedule you understand. President Obama only paid again his pupil loan in 2004. Image source: MoneySupermarket; picture credit score: DonkeyHotey through photopin cc Thumbs up, great infographic. So the question everyone needs to know the answer to, is if no-one’s paying again their mortgage, why enhance tuition charges? Hi Samuel, I assume the important thing purpose to increase the fees was â€" to discourage pupils and cut back the quantity going to university. It’s simply one of many theories. I think paying back tuition fees will assist future graduates to have a susta inable fee structure.