Dave, how much is TSR is paying you? And do you like Kpop?
Good evening David Willetts here Watch
- 29-11-2010 19:54
- 29-11-2010 20:02
David Willetts recorded a short sign off video thats posted up here:
- 29-11-2010 20:03
- 29-11-2010 20:10
Can you giv me free edumacation?
I'm poer but I suports labur.
- 29-11-2010 21:39
(Original post by simontinsley)
- 30-11-2010 18:52
The median income is £25,428. If someone earns that, for 30 years, they will pay £11,955.60 over those 30 years.
Someone who pays off their whole debt in 2 years would be paying back approximately £30K (and they would have to earn £188K p/a to pay off the debt in 2 years).
It is progressive, the more you have earned, you have paid more towards the cost of your education.
Further to that, someone who earns the median income under the current system will be paying £18.04/week while under new proposals will be paying £7.66/week.
(Original post by Acerbic)
- 30-11-2010 19:59
So as a proportion of annual income, someone on the median income will pay more than someone on £188,000. Progressive? Really?
How do the government justify the change in tuition fees as progressive, when people on incomes below the median income but above £21,000 will be paying 9% of their income above that level back for 30 years, whilst somebody who becomes an investment banker will be able to be debt free within one or two years?
The changes ARE progressive.
Someone earning £25,428 constantly - median wage - currently pays back their total debt of ~£20K over a period of 21 years or so. They pay £20K. Under the new system, they will pay £11,955.60 over the 30 years. The changes mean those on lower incomes pay less.
On the higher incomes, someone earning £188K will pay their current debt of ~£20K back in 1.5 years on the current system. Under the new proposals, they will pay their debt of ~£29K back over 2 years.
So, the changes mean someone on median wage pays almost half while those on the highest incomes pay a half more...what's not progressive?
- 30-11-2010 20:01
wAssup You MUppeeehhhttttTT!!! Ol!LOL!OL!1!1L!!O!lOL DDDD