Anonymous #1
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is getting a student loan worth it considering you may not get a job due to covid 19 recession
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Buttmuffin
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#2
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#2
(Original post by Anonymous)
is getting a student loan worth it considering you may not get a job due to covid 19 recession
do you need the extra money?
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Anonnorth
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#3
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(Original post by Anonymous)
is getting a student loan worth it considering you may not get a job due to covid 19 recession
If you need the money to get through your course then get the student loan.
All it means if you don't get a good job is that you will not be paying it back and it will be written off after 30 years.

Actually 83% of student loans are never paid off in full anyway.. just look at it as an extra tax once you salary goes over that certain level .. and it's just the tax on the amount earned above that level not your full earnings
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Anonymous #1
#4
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(Original post by Anonnorth)
If you need the money to get through your course then get the student loan.
All it means if you don't get a good job is that you will not be paying it back and it will be written off after 30 years.

Actually 83% of student loans are never paid off in full anyway.. just look at it as an extra tax once you salary goes over that certain level .. and it's just the tax on the amount earned above that level not your full earnings
the law can change at any time though
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Anonnorth
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#5
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(Original post by Anonymous)
the law can change at any time though
Only for new loans, if ever the rules on this change it would never be for loans already in existence
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mgi
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#6
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(Original post by Anonymous)
is getting a student loan worth it considering you may not get a job due to covid 19 recession
well it depends on whether you can pay for stuff yourself without a loan.
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Anonymous #1
#7
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(Original post by mgi)
well it depends on whether you can pay for stuff yourself without a loan.
Im talking about university fee loans
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rayshow053
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#8
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I believe it's perfectly reasonable for a poster to want to see a worked example of what happens if a student takes a maintenance loans. Remember that student/maintenance loans are totally personal and based on the graduate's own income and nothing else. More info on loans by link
Last edited by rayshow053; 6 months ago
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Anonymous #1
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(Original post by rayshow053)
I believe it's perfectly reasonable for a poster to want to see a worked example of what happens if a student takes a maintenance loans. Remember that student/maintenance loans are totally personal and based on the graduate's own income and nothing else. More info on loans by link
you didnt answer the question
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Anonymous #2
#10
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Every person I know that went to uni got alone at our age it’s hard to work more than part-time with college etc + the money isn’t that great so even with working u still with have to get a loan unless your parents are helping u. I would much rather get a loan and then pay it back gradually.
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Anonymous #2
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(Original post by Anonymous)
Every person I know that went to uni got alone at our age it’s hard to work more than part-time with college etc + the money isn’t that great so even with working u still with have to get a loan unless your parents are helping u. I would rather get a loan and then pay it back gradually.
Stupid autocorrect a loan ** aha
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black tea
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#12
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#12
(Original post by Anonymous)
Im talking about university fee loans
do you have a means of paying your fees without a loan?
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Anonymous #1
#13
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(Original post by black tea)
do you have a means of paying your fees without a loan?
maybe part time £6k but not £9k
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black tea
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(Original post by Anonymous)
maybe part time £6k but not £9k
in that case, you clearly do need a student loan
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Anonymous #3
#15
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#15
(Original post by Anonymous)
maybe part time £6k but not £9k
:bawling:poorrrr ladd
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Anonymous #3
#16
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#16
(Original post by Anonymous)
is getting a student loan worth it considering you may not get a job due to covid 19 recession
it is worth it , but only if your degree guarantees future employment
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rcmotorboy
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#17
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#17
Mixed on both, scary enough getting a loan and the job situation is changing. Going to have to wait as government takes advantage of the situation, for everyone, I'm afraid. Hope those Americans give Internet University the run of what it could do.
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Anonymous #4
#18
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#18
(Original post by Anonymous)
it is worth it , but only if your degree guarantees future employment
if you don't get a decent job, you just don't pay the loan back
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Anonymous #1
#19
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#19
(Original post by Anonymous)
if you don't get a decent job, you just don't pay the loan back
really? are you sure???
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Anonymous #4
#20
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#20
(Original post by Anonymous)
really? are you sure???
Yep. Have a look here - https://www.gov.uk/repaying-your-stu...start-repaying
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