rubydazzler Posted November 12, 2010 Share Posted November 12, 2010 ... with a mind blowingly low interest rate of 1.5% Frankly, anyone who doesn't lend as much as possible from the Student Loan Company is a bit of a mug. Deposit for a house, new car, business finance, recyling it into a higher interest account... the possibilities are amazing. Don't they teach that at university? Aside from the pedantic little niggle that you probably mean 'borrow' it's almost worth becoming a student again! Although, I think there's a maximum limit? Link to comment Share on other sites More sharing options...
Mecky Posted November 12, 2010 Share Posted November 12, 2010 ... with a mind blowingly low interest rate of 1.5% Frankly, anyone who doesn't lend as much as possible from the Student Loan Company is a bit of a mug. Deposit for a house, new car, business finance, recyling it into a higher interest account... the possibilities are amazing. Don't they teach that at university? The interest rate is not 1.5% and let's be honest, you lost all credibility on this forum a long time ago. Link to comment Share on other sites More sharing options...
hitch_1980 Posted November 12, 2010 Share Posted November 12, 2010 Here is food for thought. How many paid their dues, got their degrees/diplomas, with only job prospect being joining the unemployed where many have already been compelled to do cheap/slave labour? A BLOODY LOT! Is that because there are too many with degrees in the first place, so the whole idea that a degree is worth anything is now obsolete for some subjects. Student these days have to be intelligent, not just to gain a degree, but to gain the "right" degree. Link to comment Share on other sites More sharing options...
alchresearch Posted November 12, 2010 Share Posted November 12, 2010 The interest rate is not 1.5% and let's be honest, you lost all credibility on this forum a long time ago. So what is it? How about producing some facts and figures to counter Tony's argument rather than making snide personal comments about him? It doesn't do anything for your argument or your own credibility. According to the SLC website: Interest Rates for Income Based Loans The Student Loans Company will apply 0% interest rate from 1 September 2009 – 31 August 2010 across the UK. The Borrowers monthly repayments are unaffected by the rate of interest. Borrowers repay 9% of their earnings over the income threshold of £15,000. Interest Rates for Fixed Term Loans Fixed term loans were taken out before 1998. They do not attract the same rate of interest as income based loans. They are repaid over a fixed term (also known as 'mortgage-style') and the interest is linked solely to the RPI. The interest rate for September 2009 until 31 August 2010 will therefore be -0.4%. Link to comment Share on other sites More sharing options...
RichJay Posted November 12, 2010 Share Posted November 12, 2010 So what is it? How about producing some facts and figures to counter Tony's argument rather than making snide personal comments about him? It doesn't do anything for your argument or your own credibility. According to the SLC website: That's the current interest rate. When the new fees and loans come in the interest rate is going to be higher. I thinks it's something like rate of inflation plus 2.2%. Link to comment Share on other sites More sharing options...
Tony Posted November 12, 2010 Share Posted November 12, 2010 The interest rate is not 1.5% and let's be honest, you lost all credibility on this forum a long time ago. Credibility Link to comment Share on other sites More sharing options...
mj.scuba Posted November 12, 2010 Share Posted November 12, 2010 I wonder how much they would like to protest if the government decided to ignore the deficit and carry on spending, and then leave them with the debt and higher income tax in future? Link to comment Share on other sites More sharing options...
Tony Posted November 12, 2010 Share Posted November 12, 2010 Will it involve beer? Link to comment Share on other sites More sharing options...
TeaFan Posted November 12, 2010 Share Posted November 12, 2010 Poor kids won't have to worry either because the fees aren't payable unless you end up in a high-paying job. So who, exactly, is protesting? £21k pa is not a high paying job. Link to comment Share on other sites More sharing options...
Tony Posted November 12, 2010 Share Posted November 12, 2010 It's higher paying than £15k. Link to comment Share on other sites More sharing options...
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