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One in four Brits 'still paying off student loans'

By Wesleyan

More than a quarter of adults living in Britain still have student loan money to repay, a new survey suggests.

The Debt Advisory Centre says as many as 13 million Brits still owe money from their student days. But, despite their arrears, just 15 per cent of them regret borrowing to fund their higher education.

It is perhaps no surprise that 65 per cent of the poll participants between the ages of 18 and 24 still have money to pay off.

But 59 per cent of 25-34 year-olds have not cleared their debts, along with 30 per cent and five per cent of 35-44 year-olds and people over the age of 45 respectively.

Just over one in 10 (12 per cent) of those who have not yet paid off their student loan say they are not earning enough to have to do it.

Anyone taking home less than £16,910 a year does not have to pay a penny.

Copyright Press Association 2015

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