sheffbag Posted September 4, 2018 Share Posted September 4, 2018 He describes it as a very preferential form of debt. where, becuase when i see "its not a debt" as the headline then im pretty sure he's not calling it a debt. I watched that question time episode as it happens and it made me angry, because of the subtext and something I’m driving towards in the context of this thread: the normalisation of debt for young people. Which bit made yuo angry? The misguided Labour MP calling it a debt or Martins reaction to it where he lays into all the political parties for using the term "debt" to scare people. We are evidently going to disagree on this as you are insistent on sticking to calling it a debt when it really isn't and all the evidence put before you refutes as such so im bailing out of replying further to you but i'll give you a real life example. My daughter starts uni next week and she has her first year fees and maintenance loan payments coming. We've gone through what she will owe at the end and explained what she will pay back depending on what she earns and she understands it completely and is a lot calmer and has a greater understanding now than she was when she thought she would have this "debt" saddling her prior to our talk. Link to comment Share on other sites More sharing options...
hackey lad Posted September 4, 2018 Share Posted September 4, 2018 where, becuase when i see "its not a debt" as the headline then im pretty sure he's not calling it a debt. Which bit made yuo angry? The misguided Labour MP calling it a debt or Martins reaction to it where he lays into all the political parties for using the term "debt" to scare people. We are evidently going to disagree on this as you are insistent on sticking to calling it a debt when it really isn't and all the evidence put before you refutes as such so im bailing out of replying further to you but i'll give you a real life example. My daughter starts uni next week and she has her first year fees and maintenance loan payments coming. We've gone through what she will owe at the end and explained what she will pay back depending on what she earns and she understands it completely and is a lot calmer and has a greater understanding now than she was when she thought she would have this "debt" saddling her prior to our talk. Hope your daughter does well. My niece finished uni last year and is now employed in the profession she wanted . When she left uni , her grandad , my dad asked her about the money she owed and she replied , don't worry about it, most people only pay a small amount of it Link to comment Share on other sites More sharing options...
Anna B Posted September 4, 2018 Author Share Posted September 4, 2018 Hope your daughter does well. My niece finished uni last year and is now employed in the profession she wanted . When she left uni , her grandad , my dad asked her about the money she owed and she replied , don't worry about it, most people only pay a small amount of it I'm very happy for your niece. Well done. Re student debt: I think this is true of a lot of students, but who does pay in the end? I understand there is a huge debt bubble developing of unpaid student debt. Is this another one waiting to bite the taxpayer? Link to comment Share on other sites More sharing options...
I1L2T3 Posted September 4, 2018 Share Posted September 4, 2018 Don't you think that students should invest some of their own money into their futures? Absolutely. Through a graduate tax rather than debt (that is part of a monetised and commercialised loan book) masquerading as a tax As I said earlier I’m also willing to invest by paying extra tax, even though I graduated decades ago ---------- Post added 04-09-2018 at 12:20 ---------- where, becuase when i see "its not a debt" as the headline then im pretty sure he's not calling it a debt. Which bit made yuo angry? The misguided Labour MP calling it a debt or Martins reaction to it where he lays into all the political parties for using the term "debt" to scare people. We are evidently going to disagree on this as you are insistent on sticking to calling it a debt when it really isn't and all the evidence put before you refutes as such so im bailing out of replying further to you but i'll give you a real life example. My daughter starts uni next week and she has her first year fees and maintenance loan payments coming. We've gone through what she will owe at the end and explained what she will pay back depending on what she earns and she understands it completely and is a lot calmer and has a greater understanding now than she was when she thought she would have this "debt" saddling her prior to our talk. Martin Lewis describing it as not a debt. More accurately it’s not like other forms of debt. All through this page on the site he uses the term ‘debt’ to describe it: https://www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/ Link to comment Share on other sites More sharing options...
alchresearch Posted September 4, 2018 Share Posted September 4, 2018 I understand there is a huge debt bubble developing of unpaid student debt. Is this another one waiting to bite the taxpayer? Only if you vote for Corbyn: Mr Corbyn said he would “deal with it” in some way, and was looking at ways to reduce it, or abolish it, but also said there wasn’t a firm policy on it. But this may have just been another of his vote grabbers at Glastonbury to appeal to the kids. Link to comment Share on other sites More sharing options...
Anna B Posted September 4, 2018 Author Share Posted September 4, 2018 Only if you vote for Corbyn: But this may have just been another of his vote grabbers at Glastonbury to appeal to the kids. No, the debt bubble is already here and developing and nothing to do with Corbyn. Link to comment Share on other sites More sharing options...
truman Posted September 4, 2018 Share Posted September 4, 2018 No, the debt bubble is already here and developing and nothing to do with Corbyn. I think Alc meant it would only bite the taxpayer if Corbyn gets in... Link to comment Share on other sites More sharing options...
lil-minx92 Posted September 4, 2018 Share Posted September 4, 2018 I'm very happy for your niece. Well done. Re student debt: I think this is true of a lot of students, but who does pay in the end? I understand there is a huge debt bubble developing of unpaid student debt. Is this another one waiting to bite the taxpayer? I guess it must be. Its like if I had a kid in private school at 10k a year. I then decide from now on he pays his own fees but I'll loan him the money. I still pay the school 10k, but my accounts will show my son as a creditor, so I can spend that 10k again- and still be solvent. If he doesnt im stuffed. I wonder how much the government 'spends again'? Link to comment Share on other sites More sharing options...
I1L2T3 Posted September 4, 2018 Share Posted September 4, 2018 I'm glad you finally accept that. Accepted what? I’m stating how it is, that the terms could change. They have in the past and it was pretty unpopular. ---------- Post added 04-09-2018 at 15:16 ---------- Then the student in question must be stupid. It has been demonstrated and explained how the student loan is not considered a debt. It doesn’t even show up on your credit file! It’s a debt. All the SLC docs describe it as a debt. There’s no escaping it. As debt goes it’s by far not the worst type you get. But that doesn’t change the fact that all payments are pinned to a monetised loan book that a government could sanction the sale of to a third party at any time. Link to comment Share on other sites More sharing options...
truman Posted September 4, 2018 Share Posted September 4, 2018 Accepted what? I’m stating how it is, that the terms could change. They have in the past and it was pretty unpopular. The government could also alter tax levels...they have in the past... Link to comment Share on other sites More sharing options...
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