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    (Original post by DontJudge)
    I like white chicks, but they don't like me.
    Tried to bag one yesterday, by making them tea.
    should have made paki tea then
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    Are East Punjabis allowed in here; we're all brothers on the border right?
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    (Original post by hasan4life)
    but don't u have to pay it back if ur earning over £15000?
    Well yup, but it's 9% over 15K. Say you earn 16K. 15K is like your "allowance" So it's 9% over £1000 (16K - 15K) 9% of £1000 is £90 over the year, which is £8.75/month (or £1.73/week)

    Hardly breaking the bank when a 16K wage nets you £1141.48/month or £263.42/week
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    (Original post by hasan4life)
    should have made paki tea then
    I thought DontJudge was female any way?
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    (Original post by de_monies)
    Well yup, but it's 9% over 15K. Say you earn 16K. 15K is like your "allowance" So it's 9% over £1000 (16K - 15K) 9% of £1000 is £90 over the year, which is £8.75/month (or £1.73/week)

    Hardly breaking the bank when a 16K wage nets you £1141.48/month or £263.42/week
    ah yh that's what i was told too, its not that bad haha, but how we making money from it then?

    (Original post by de_monies)
    I thought DontJudge was female any way?
    lol yh she is haha
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    (Original post by hasan4life)
    ah yh that's what i was told too, its not that bad haha, but how we making money from it then?


    lol yh she is haha
    Because you're paying it back at 1.5%. That's basically it. Any money not used, can be put in to say IBB and get you like 2.8%. I have an ISA with Nationwide which is 2.5%. Reason I have it is because well inflation rate is 2.8%, so I don't see it as interest, and therefore not haram (Interest makes money. This loses me money by 0.3% )

    You're making "pennies" ie: Your debt is 22K. Put it in a savings account. Pay back little by little. You make a little out of what you borrowed. Certainly works well for maintenance loan. Tuition loan not so much, but still

    Though this little loophole has been closed for the 9K people

    That being said, say your debt is 22K, and you want to get a house. You are incredibly unlikely to get a mortgage at below inflation rate!
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    (Original post by de_monies)
    Well yup, but it's 9% over 15K. Say you earn 16K. 15K is like your "allowance" So it's 9% over £1000 (16K - 15K) 9% of £1000 is £90 over the year, which is £8.75/month (or £1.73/week)

    Hardly breaking the bank when a 16K wage nets you £1141.48/month or £263.42/week
    Don't mind me cutting in here, but I thought the payback rate was 9% of everything above 21K that you earn and not 15K :confused:
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    (Original post by distressed)
    Don't mind me cutting in here, but I thought the payback rate was 9% of everything above 21K that you earn and not 15K :confused:
    For you guys, yup. Sorry, this was more for the likes of me and Hasan (the 3K people)

    I think you guys pay inflation rate + 3%, so not the best deal at all. If I was on the 9K structure, I'd look to pay it off ASAP
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    (Original post by de_monies)
    For you guys, yup. Sorry, this was more for the likes of me and Hasan (the 3K people)

    I think you guys pay inflation rate + 3%, so not the best deal at all. If I was on the 9K structure, I'd look to pay it off ASAP
    Ahh Kay, got me worried for a second mate.

    Yeah you're right, our loan increases at the rate of inflation but as soon as we earn above 21K it's inflation + 3%.. Gonna hit us hard.
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    (Original post by distressed)
    Ahh Kay, got me worried for a second mate.

    Yeah you're right, our loan increases at the rate of inflation but as soon as we earn above 21K it's inflation + 3%.. Gonna hit us hard.
    I think below 21K, you pay nothing back at all (Not even inflation rates). Tbh, I prefer our fee structure And tbf I can't imagine earning below 21K except for maybe a year or so...
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    (Original post by de_monies)
    I think below 21K, you pay nothing back at all (Not even inflation rates). Tbh, I prefer our fee structure And tbf I can't imagine earning below 21K except for maybe a year or so...
    Mate forget your fee structure, I prefer your fees

    And yeah we don't pay anything back until we earn above 21K, but the amount of money we owe still increases at the rate of inflation, that's what I was saying.
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    (Original post by hasan4life)
    but don't u have to pay it back if ur earning over £15000?


    bby with u, id be anything u want :heart:

    is it sorted now lol? nah lol its to scare u in to doing it quick, after the first semester id say they'd put that in to effect if u haven't got it, but i doubt that will happen

    yeah I sent the bloody paper form off to Darlington sharlington whatever maaan and my online application is just left like an effed up chaddi....no details submitted on there so they shouldn't look at it on there...yeah it is so bloody scary man! ahhh fair enough, thanks man
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    (Original post by Zeegie)
    yeah I sent the bloody paper form off to Darlington sharlington whatever maaan and my online application is just left like an effed up chaddi....no details submitted on there so they shouldn't look at it on there...yeah it is so bloody scary man! ahhh fair enough, thanks man
    The online application is absolutely horrible (Or at least was for me in the first year) I had to print it off, and send it via post instead
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    (Original post by hasan4life)
    but don't u have to pay it back if ur earning over £15000?


    bby with u, id be anything u want :heart:

    is it sorted now lol? nah lol its to scare u in to doing it quick, after the first semester id say they'd put that in to effect if u haven't got it, but i doubt that will happen
    wasteman
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    (Original post by de_monies)
    The online application is absolutely horrible (Or at least was for me in the first year) I had to print it off, and send it via post instead

    yeah man I did that too, last minute :/
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    Had chem2. Think I can kiss dentistry goodbye.
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    (Original post by YWArtist)
    Had chem2. Think I can kiss dentistry goodbye.
    :console:
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    (Original post by YWArtist)
    Had chem2. Think I can kiss dentistry goodbye.
    dont doubt yourself yet, remember its little weak AS students sitting that exam :P Plus, if they found it hard too, lower grade boundaries

    (Original post by Revent)
    :console:

    aw that emotion is cute!
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    (Original post by de_monies)
    Well yup, but it's 9% over 15K. Say you earn 16K. 15K is like your "allowance" So it's 9% over £1000 (16K - 15K) 9% of £1000 is £90 over the year, which is £8.75/month (or £1.73/week)

    Hardly breaking the bank when a 16K wage nets you £1141.48/month or £263.42/week
    lol, what all this? this is to do with student finance?
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    (Original post by YWArtist)
    Had chem2. Think I can kiss dentistry goodbye.
    Well if u dont get into dentsitry this time round, you could always end up doing dentsitry either abroad or as a post grad
 
 
 
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