how long does it take to repay student loans
The standard repayment term on a federal student loan is 10 years. The repayment term on private student loans vary from 5 years to 15 years.
A study found 73 per cent of graduates will take so long to repay their debt they will qualify for it to be written off after 30 years â when most will be at least 51. 1  Three-quarters of university graduates will still be paying off student loans in their 50s, research has revealed. Middle-income professionals such as teachers face repaying up to Â£2,500 a year throughout their 40s, a time when many will be raising families and servicing large mortgages.