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    For those students starting uni in 2012, you will have to start paying back your debt when you earn £18500. Not the £21000 the coalition keep on saying.

    I'm very surprised this has not been wider reported.
    http://www.independent.co.uk/news/uk...s-2137108.html

    edit - epic fail it seems. I apologise.
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    "this new system" would start in 2016 when the students leave university and not in 2012 when they start. The small change means that the £21,000 will only be worth around £18,500 in today's money due to inflation
    ...so it is still £21,000?

    Who assumed it would start in 2012 anyway? I always thought it would just start when the people who start in 2012 finish :dontknow:
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    Epic fail by myself it seems.
    Although the decision to review it every 5 years rather than every year seems a bit odd. But there we go.
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    (Original post by WelshBluebird)
    Epic fail by myself it seems.
    Although the decision to review it every 5 years rather than every year seems a bit odd. But there we go.
    Yep :P

    I don't really get the point of the article actually. Surely people would realise that the £21k will apply only when the 2012 entrants finish uni and start earning? And I doubt many would assume that immediately when it comes into effect they would change the amount to equal £21k in today's money. Odd.
 
 
 
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