AN ingenious graduate has hatched a plan to avoid repaying his student loan by never earning a decent wage.

Tom Logan, 21, has announced his cunning scheme to earn less than £18,000 for every year of his life, keeping him out of reach of the tentacles of the Student Loans Company.

He said: “I’ve done it. I’ve beaten the system.

“The suckers at the Student Loan Company have lent me a cool £50,000, but I’ll make sure that’s the last time I’ll ever have that kind of scratch.

“All I have to do is stay in dead-end jobs, being careful never to let any one of them turn into a career and never move out of rented accommodation, and it’s easy street for life.

“Joke’s on you, big finance. You’ve been outsmarted. Shouldn’t have messed with the cream of the intellectual crop.”

Friend Emma Bradford said: “He’s got a philosophy degree, so this would have happened anyway.”