A young, 23-year old woman named Tara Paxton, is struggling to live the life she wants thanks to the wavering debt of student loans. She makes her payments, but the payments do not even out weight the interest; thus, making her total amount owed increase every year. Many of her friends who do not carry student loans are able to live the lives of their choosing including buying homes and traveling various places. She explains that though she enjoys her salary and the few luxuries she is gifted, more could have been better, had she not had university loans holding her back.

Key Takeaways:

• Recent college graduate Tara Paxman’s teaching job salary is insufficient to help her pay off student debt.
• Despite receiving tax benefits, she only has an extra £100 oer month.
• She feels frustrated watching those who didn’t go to university buy homes with their parents help while she can’t.

“I’m definitely not going to stay in Oxford – house prices here are phenomenally expensive. I’d look at London before buying here, just because if I moved there my salary would go up.”

Read more: https://www.theguardian.com/money/2018/mar/03/teacher-salary-pay-off-loan-buy-home