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by MandieD 1481 days ago
That's one of the big differences: the only thing a normal person in France, Germany or the rest of western Europe* could do that involves a 1200/month repayment is buy property (or an absolutely ridiculous car). A lot of the younger employees I work with got paid while doing their bachelor's degrees because they did dual degree programs, where they're employed by a big industrial company and alternate terms having internships within the company and taking courses at the university the company partners with.

* I say "western Europe" because I know that university fees in the UK are higher, and this is the region I currently know enough to say this about, but I imagine university fees are similarly low in eastern and southern Europe.

2 comments

The only way you'd be paying back £1200 a month on student loans (plan 2) in the UK is if you were earning £180,180/year or more. And at that income, it's probably not the student loans giving you trouble.
> involves a 1200/month repayment is buy property

Rent?

Rent’s definitely an expense, but isn’t a loan.