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What's the 'debt penalty'?
Some graduates feel that earning more money doesn't always translate into a significant increase in disposable income. This is because higher salaries mean larger student loan repayments, effectively reducing the net gain from a pay rise. This 'debt penalty' can influence career choices, as highlighted by the Hull solicitor in the story.
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Student loans making graduates avoid higher-paying jobs, inquiry toldRelated explainers
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