The Effect of Higher Earnings on Mortgages

Many people think if you move abroad, you don't have to repay the student loan. That is not correct. You are contracted to repay and that contract applies anywhere that you live in the world. The only difference when you live abroad is they look at the cost of living in that country. Enforcement is pretty difficult. They'd have to enforce it through a foreign court. But legally, you've signed up for this deal. So there is always an issue with enforcement. I would actually like to see the system renamed a graduate contribution system because graduates have to contribute to the cost of their education If they earn enough when they leave. We're going to come on to that in a moment.