Hi everyone! I am in the very early and very tentative stages of considering a vocation to the religious life (more than likely the active life, but we will see where the Lord calls me!)
My question concerns student loans. In the UK, student loans work (I believe) differently than in the US. It’s basically a centralised government loan and you don’t pay back anything until you reach a certain salary. Your monthly repayments depend on your salary and what isn’t paid off in 30 years gets wiped off anyway. I believe I have somewhere in the region of £45,000 of debt. I was wondering if this would be an impediment to a religious vocation?
I don’t have any particular order in mind at the moment, so I don’t know anyone to email and ask this question. I understand it’s a problem in the US, but I figured that it would work differently in the Uk, given that loans work more like a graduate tax rather than a loan which must be paid on the month every month.
Thank you in advance! God bless you