This discussion is now closed.
Scroll to see replies
•
The poor would cry because they actually have to pay back all that they are given (assuming they earn enough to do so) rather than being able to just sponge a large portion of it
•
The poor would cry because they're only getting enough to live on rather than enough to live on plus a load more
•
Everybody would complain about the higher payback rate
•
Nobody would actually bother doing the calculations before they complain.
•
In 2008 you paid back about 40% more than you borrowed and paid it back in your 19th year of work
•
Today, you would have the loan written off having paid back 2% less than you borrowed.
•
Today you would be paying back about £5000 more (in today's money) than if it were in 2008
•
In fact, because of the higher pay back threshold now, I think you would be slightly better off on the current system until that 19 year pay back period is over
•
By the time the old system is better, the amount you are paying back shouldn't actually be that big of a deal, and you will be used to it anyway.
•
In 2008 you paid back about 40% more than you borrowed and paid it back in your 19th year of work
•
Today, you would have the loan written off having paid back 2% less than you borrowed.
•
Today you would be paying back about £5000 more (in today's money) than if it were in 2008
•
In fact, because of the higher pay back threshold now, I think you would be slightly better off on the current system until that 19 year pay back period is over
•
By the time the old system is better, the amount you are paying back shouldn't actually be that big of a deal, and you will be used to it anyway.
Last reply 2 minutes ago
Can someone please mark my AIC essay (my teacher is such an unreliable marker)Last reply 8 minutes ago
Amazon Apprenticeships 2024Last reply 14 minutes ago
JK Rowling in ‘arrest me’ challenge over hate crime lawLast reply 20 minutes ago
Official Dental Hygiene and Therapy (Oral Health Science) 2024 Entry Thread2854
Last reply 24 minutes ago
Official: University of Birmingham A100 2024 Entry Applicants1036
Last reply 24 minutes ago
Inlaks, Commonwealth, and Other Scholarships for Indian Students 2024: ThreadLast reply 30 minutes ago
Official London School of Economics and Political Science 2024 Applicant ThreadLast reply 35 minutes ago
UAL Bsc Fashion Management and fashion marketingLast reply 38 minutes ago
Can I do medicine with these gcse grades and what unis would be most likely to acceptLast reply 39 minutes ago
Official: Aston University A100 2024 Entry Applicant thread1127
Last reply 41 minutes ago
Official University of Bristol Applicant Thread for 2024Posted 47 minutes ago
Can someone please mark this out of 30(all my teachers refused)Last reply 1 week ago
Is it true that British unis are prejudiced towards degrees from Scottish unis?Last reply 3 weeks ago
Is University of Birmingham prestigious and respected well enough in UK ?Last reply 4 weeks ago
Do employers care more about the degree subject or the uni you went to?Last reply 1 month ago
Schools failing bright pupils says teen taking 28 a levelsLast reply 1 week ago
Is it true that British unis are prejudiced towards degrees from Scottish unis?Last reply 3 weeks ago
Is University of Birmingham prestigious and respected well enough in UK ?Last reply 4 weeks ago
Do employers care more about the degree subject or the uni you went to?Last reply 1 month ago
Schools failing bright pupils says teen taking 28 a levels