Student Loans can be a royal pain, one that puts a mountain of debt-related stress on graduates, so here is everything you need to know about it.

Last year The Guardian announced that student loan debt in the UK had risen to more than £100bn for the first time, but what does this mean for those paying it back?

As of April this year graduates will not start paying anything back until they are earning at least £25,000 as part of a wide ranging review of student finance.

Here is everything you need to know.

Once you earn enough to start paying the loan back, you will pay back 9 per cent of your income over the minimum amount.

The average amount of debt a student in 2018 will leave university with is around £50,000.

Labour have suggested plans to abolish tuition fees, but it is unlikely to happen in the near future and would not necessarily wipe current debts.

If you are earning enough for the loan to be taken out, it will automatically come out of your paycheck every month.

Before April 2018, you would have had to pay back your student loan once you earned £21,000.

Your loan gets wiped out after 30 years, and this still happens even if you have never paid anything towards it. The debt is completely cleared meaning that most people will never pay this huge “debt” off.

Which? Says that a major review into university funding in 2010 estimated that around 60% of graduates won’t have paid their full loan back after 30 years.

There are different rules for those who started studying before 2012. See here for details.

It can be daunting when you receive the letter saying you owe £50,000 but don't let it bother you. Unless you are lucky/unlucky enough to walk into a well paid job, it is unlikely that this debt will ever see the light of day.