Woman, 22, finds she owes £53000 – despite not gambling or spending frivolously – Birmingham Live

A woman has revealed her she discovered she owes an astonishing amount of money – despite not “frivolously” shopping at school or gambling.

The 22-year-old, who owes more than £53,000, says the amount will continue to rise each year due to interest.

Bronte Howard, who works as a Wales Online reporter, only found out after checking her student loan statement for the first time this week.

The journalist says her “massive” debt is already more than the mortgage her grandparents took out on their three-bedroom home in the 1970s.

But MoneySavingExpert.com founder Martin Lewis claims the statement is “irrelevant.”

The finance guru went even further and told her to “rip up” the statement, saying it “shouldn’t be sent”.