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Unregistered
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#1
Report 17 years ago
#1
My sister had savings of about 10000 before she went to uni, and so didnt need a student loan. However, she found an ISA which had an interest rate that was higher than the interest that she paid on the student loan.

Now, she has got about 1000 in interest from the student loan money into the ISA. Cool innit!

Shame they are increasing the interest rate to 3.1% to stop this kind of thing happening lol.
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JOSEPHROBERT
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#2
Report 17 years ago
#2
thats cool,but incidentley i went to uni last year,having to fork out a extremely large loan,After a few calls to family members i managed to get 20'000 of my house savings to pay for it.and the thing is that my mother has just passed away leaving me with a 3 acre 1.7 million pound home to share with my 3 brother.
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PQ
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#3
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(Original post by Unregistered)
My sister had savings of about 10000 before she went to uni, and so didnt need a student loan. However, she found an ISA which had an interest rate that was higher than the interest that she paid on the student loan.

Now, she has got about 1000 in interest from the student loan money into the ISA. Cool innit!

Shame they are increasing the interest rate to 3.1% to stop this kind of thing happening lol.
The interest rate on Student loans has varied between 3.5 and 3% for the last 5 yrs...inflation = 3%...they aren't increasing the interest rate on student loans to stop people making money from investing it - they're doing it to keep it tied to inflation.
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Bigcnee
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Report 17 years ago
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(Original post by JOSEPHROBERT)
thats cool,but incidentley i went to uni last year,having to fork out a extremely large loan,After a few calls to family members i managed to get 20'000 of my house savings to pay for it.and the thing is that my mother has just passed away leaving me with a 3 acre 1.7 million pound home to share with my 3 brother.
OK, I think we know that you're lying now.
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