Graduate Loan? Good or Bad?

[Tifosi]

spend spend spend

then file for bankruptcy change your name a few times... everything will be alright.

Change your name to Ian D. Revenue ... collect some Inland Revenue checks cash them in, catch me if you can.

[Allen]

There are few things worse than being in a job you hate, but being forced to stick with it because of money worries.

This is true!

Whatever job you're in will seem 1000% more enjoyable if you know you can walk out at a moments notice if they try to force too much BS on you.

Yeah, OK, then struggle to get another job because:

a) you walked out of your last job without handing in your notice;
b) the reason why you walked out was because you couldn't handle the work load.

Never walk out of a job, and never tell new employees you left because your last company gave you too much work.

[magemanda]

I changed my overdraft and my credit bills into a graduate loan. I found it okay (just two months now from paying it all off completely). The interest rates weren't too awful, and the loan was very flexible i.e. I could pay extra off if I came into any extra money at work, or I could add to the loan if I wanted to buy something big without resorting to a credit card.

Biggest benefit for me was consolidating my debts into one payment, and starting afresh, as it were. It meant my first pay packet as a stupidly-overpaid graduate was all for me, rather than just being swallowed by a mammoth overdraft.