Surely we'll never pay back our Tuition Fees. Have I made an error here?

Wait wait wait, won't the repayment be 9% of £21 000 or whatever you're earning, and not 9% of £9000?

You made the mistake of assuming that people are still earning £30k a year 25 years later when they're in your 40's despite being a graduate. If this is the case for anyone then I would suggest that they have completely and utterly wasted their time going to university.

You made the mistake of assuming that people are still earning £30k a year 25 years later when they're in your 40's despite being a graduate. If this is the case for anyone then I would suggest that they have completely and utterly wasted their time going to university.

Can anyone tell me if this is true or a load of *******s I've taken off someone as fact. If you move and work abroad for over 6 years, your debt is written off?

Yes, but the payback threshold is also increased in line with inflation every year, so the threshold will also well be above £21k by that time. (However, the interest on the loans will be increasing at the higher RPI, while the threshold will be uprated at the lower CPI rate, which slightly skews things.)

It's not that simple, but as with all taxes and tax like payments, there are loopholes which can be exploited legally.

Can anyone tell me if this is true or a load of *******s I've taken off someone as fact. If you move and work abroad for over 6 years, your debt is written off?

You made the mistake of assuming that people are still earning £30k a year 25 years later when they're in your 40's despite being a graduate. If this is the case for anyone then I would suggest that they have completely and utterly wasted their time going to university.

Because you can easily get a random office job without a degree and move up 'through the ranks' sufficiently quickly to be on much more than £30k a year at age 46 or whatever (I'm assuming that 25 years post graduation was correct)

You might think that £30k sounds like a lot of money from your perspective as a current student (if you are), but it is not. I don't have a single friend who went to university who earns less than this, and my friends are all in their early/mid 30s. My girlfriend who got a perfectly average degree from a moderate university is on £50k aged 28 and she is hardly setting the world on fire in her chosen career.

IMO if you have any kind of ability at all, are in a graduate career, and you are still on £30k after 10-20 years of employment you are doing something very wrong.

A lot of people go to uni to eventually become teachers which is capped at below £30,000. Don't have such a greedy attitude.

It's a stupid system, barely anyone pays it back and you'd have to be a moron to pay it all back in one go. The new fees system means the government will lend out more and recoup even less. Fools.

You're living in some kind of messed up fantasy world. I can assure you people don't walk into 30k a year jobs straight after university that rise to 50k in a few years. ......... .....................

A rich moron who's skipping out on paying the acquired interest of Inflation + 3%...

Nobody has ever answered my (what I believe) to be simple question:

Where is this money coming from? Isn't there going to be some kind of black hole if the entire system is built around the idea that some people might never pay it all back? Given that the current economic climate is such that there are fewer jobs and salaries are a good bit lower in real terms, even including inflation/deflation surely this means that, yet again, future generations will be shafted?

I'm not an economist but something seems amiss here and I can't find a clear answer.

Just another thing I was wondering incase anyone knows, does the £21,000 threshold for paying back your student loan rise with inflation? Because it should do really.