Depressing thread. Just looked at my Student Finance Direct loan statement and interest rates seem to have doubled. Whereas in July this year I was accumulating about £24 a month in interest, it's now gone up to £50. Not sure if my terminology etc is right here, but basically, if it stands at £50 a month [not sure what the actual rate is, on the website it says 3.8% but don't know how you'd work out what 3.8% per month of a termly loan would be....] we'll accumulate an extra £600 a year to pay back once we graduate.

Is this right? Clearly the crunch has affected the student loans comp too but... Man. I'm already £13000 in debt and I've got my final year and maybe further study to do. High interest rates like this are going to fuck me royally :(