When marketing specialist Matthew Brown checked his student loan balance earlier this year, he discovered it had risen to about £93,000 despite years of repayments.
Brown, 29, from Gosforth, Newcastle, told the BBC that he had borrowed around £62,000 to complete his undergraduate and master's degrees at the University of Hull. Yet between 2019 and 2026, his outstanding balance continued to grow because interest was added faster than he could repay it.
