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    Hi, i'm currently doing my a-levels, and debating whether to apply to university this year, or wait and apply after i get my results. I was wondering if you can help with the pro's and con's of each option.

    Thank you!


    p.s I'm hoping to study economic and politics and i'm predicted ABBC
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    It will likely cost three times as much in 2012.
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    (Original post by Lapis lazuli)
    It will likely cost three times as much in 2012.
    Yes, but not upfront and you won't actually be paying any more per month than under this system.
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    (Original post by TheSownRose)
    Yes, but not upfront and you won't actually be paying any more per month than under this system.
    The monthly price may be similar but this does not change the fact that when on a higher wage you will still end up paying back much more over the long term.
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    (Original post by Lapis lazuli)
    The monthly price may be similar but this does not change the fact that when on a higher wage you will still end up paying back much more over the long term.
    But you're not going to feel it anymore.
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    (Original post by TheSownRose)
    But you're not going to feel it anymore.
    I dont know your personal circumstances, but for most people 9% of their wages for the majority of their working life is going to be very noticed.
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    (Original post by Lapis lazuli)
    I dont know your personal circumstances, but for most people 9% of their wages for the majority of their working life is going to be very noticed.
    Thirty years, and it gets cancelled - only five more years than the current system, and they don't pay it back until they're earning a higher amount.
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    Why not apply this year anyway? Then if you don't get in to where you want to go you can reapply. Nothing to lose that way.
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    (Original post by TheSownRose)
    Thirty years, and it gets cancelled - only five more years than the current system, and they don't pay it back until they're earning a higher amount.
    Even the most optimistic of stats show that merely 25% of students will end up better off. Seeing that the OP wants to study one of the higher paying degrees suggests that its likely he wont be one of them. It is foolish to say that it isnt a better financial proposition to start university before the funding change.
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    (Original post by Lapis lazuli)
    I dont know your personal circumstances, but for most people 9% of their wages for the majority of their working life is going to be very noticed.
    Didn't really want to get into this debate, but just so you know it's 9% of anything over £21k , not of everything. Eg somebody earning £30,000 would be paying £810 a year, which is 2.7% of their earnings.

    For somebody to pay a total of 9% of their income, they'd have to earn ~£140k :P
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    (Original post by ily_em)
    Didn't really want to get into this debate, but just so you know it's 9% of anything over £21k , not of everything. Eg somebody earning £30,000 would be paying £810 a year, which is 2.7% of their earnings.

    For somebody to pay a total of 9% of their income, they'd have to earn ~£140k :P
    Yeah I should have phrased that better you would have the loan payed off in no time at all with 9% gross income going on it! Albeit my point still stands. Even now the amount of student loan that comes out of my own wages is a cause for concern.

    Enough debating now anyway, there have been enough threads on this already! :rolleyes:
 
 
 
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