Here's a complex one

If someone is paying off a NEGATIVE INTEREST loan and is now HIGHER RATE income tax payer - what does this mean for their repayments ?

They will reduce by MINUS 18% compared to the rest of us - paying a "standard" 22% tax - so therefore increase by more ?

Think about it !!!

-0.4% will never pay off the loan. Only a small fraction every year, however it is a help to all those in student debt, though their main concerns should be overdraft charges, credit cards and any graduate loans charging interest rates higher than the 2-3% charged by the Student loans.

Sparky.

Would be great if rates stayed that way. Even for me who started uni in 2001 the capital would shrink faster. Of course by my calculations a 5k debt now would take until May 2081 to pay off if you relied only on the negative interest and didn't make any repayments yourself!

How many of you are students - still paying off student loans ?

Well - the interest that you are paying has gone negative (Minus 0.4%)- ie) The amount that you owe is decreasing

This stupid situation means that, in theory, if no more payments are made (which I understand is possible - if your current earnings are less than a certain figure) - then the loan could be completely wiped out - eventually

This evidentaly only affects some 400,000 ex students - who studied between 1990 and 1997