Students

[Jackirius]

I'm working for a year then going travelling, and then after might have gone to uni but this has persuaded me against it.

[The Doctor]

Do second year and third year students get affected by this, for example if someone started university 2 years before the rise in fees could their last year be double the cost or doesn't it affect them?

affects those doing their AS levels this year and anyone doing A2's taking a deferred entry.

Looks like i'm just going to make it to uni in time as well (start next year - provided i get my grades - shouldn't be too hard)

[ousefox]

affects those doing their AS levels this year and anyone doing A2's taking a deferred entry.

Looks like i'm just going to make it to uni in time as well (start next year - provided i get my grades - shouldn't be too hard)

Lucky me, It would come in first for my year

[Webbo]

An unbiased view from Moneysaving expert.

Actually the one decent thing in the change is that people will have MORE disposable income than they do under the current system, not less. The new student loan system says you repay 9% of everything you earn over £21,000, rather than the current 9% of everything over £15,000.

Look at the real impact of that:

Earnings Annual Repayments now Annual Repayments under proposals

£15,000 Nothing Nothing

£16,000 £90 Nothing

£21,000 £540 Nothing

£22,000 £630 £90

£30,000 £1,350 £810

£40,000 £2,250 £1,710

£50,000 £3,150 £2,610

As can be seen, under the new system you’re always repaying £540 a year less than the current system (and nothing below £21,000).

So actually, in terms of disposable income, people will be better off. In terms of ability to get a mortgage, as student loans don’t go on credit files and disposable income is increased, it’s actually likely to be a boon not a detriment (countered to some extent by the fact the debt will last longer, see below).

This is just one example of people not understanding how student loans actually work. It’s actually a totally different side of the system that worries me (I’m ignoring the £9,000 cost as that’s more a political than a financial point, so I’ll steer clear from a view within my job role).

Real interest cost:

Student loans are currently linked to inflation, so there’s no real cost (ie, if you borrow enough to buy a shopping trolley’s worth of goods, you repay enough to buy the same, even though the actual cash amount may increase).

Under the new system the interest for many will be over and above inflation. This is simply wrong for me, it encourages our youth to not only get into debt, but into what could be seen as bad debt (see my Stopping students repaying student loans early would be a terrible mistake blog). And there’s a worse impact.

It will take a lot longer to repay:

Actually the real problem with the new £21,000 start point is the opposite of what the woman in the Question Time audience was saying. The problem is people will repay LESS, so it will take much longer to pay off the loan.

Now that wouldn’t be so bad if it were still inflation linked, but with the new interest charges, compounding will mean the cost of these loans is going to escalate massively over the years.

Various explanations of the system cause confusion

The danger of misunderstanding

What scares me silly is the fact the sit-ins, the Government, and others involved in this are trying to subvert explanations of how the system actually works for political gain. That runs the risk of miseducating and scaring an entire generation unnecessarily (there are some things to be scared of, but not the ones we’re frightening people with).

[Zingari]

you'd need a fookin degree to understand all that

[Asha]

Ah ok thanks

.Where you applied to Nuss

Applied to four places, two achievable offers already on the table.

Leaning towards heading just west of the border. What about you loz mate?

[lavrentis]

Applied to four places, two achievable offers already on the table.

Leaning towards heading just west of the border. What about you loz mate?

Applied to DMU, Leicester, Keele, Lincoln and Notts.

Hoping to go to DMU or Leicester tbh to do Computer science

Hope you end up where you want to go mate

[Asha]

Yeah, you'd be awesome at that. Get to more games too

Yeah, I will do Nice sig too!

Actually, I have mates (Granno (formerly off here)) is one who does that at Leicester uni Seems to be enjoying it enough.

[sdb]

you'd need a rich daddy to understand all that

[The Doctor]

Why only apply for four? - you've got five choices, use all of them, even if one is a worst case senario - 4 others reject you one.

I've got offers from Warwick (ABB), Keele (300 points), Leicester (BBC) & Leeds (no grades given yet, but i've got an interview there in feb) - final choice is Nott. Trent - don't plan on going there but was worried about my maths grade letting me down.

[Asha]

Why only apply for four?

Dunno, but it's irrelevant now.

[Houdini Logic]

Maybe now my degree is actually worth something

[Fosse Boy]

[FoxyPV]

Charles has just stuck three fingers up her arse and is saying "fancy a bit of dogging?"

[Jackirius]

'Royal' car got attacked, Paint chucked on it and it battered up a bit, best thing they have done so far.

[Wymsey]

'Royal' car got attacked, Paint chucked on it and it battered up a bit, best thing they have done so far.

This is why i rate you highly on this forum

[AoWW]

This is why i rate you highly on this forum

*blatant sucking up*

[Wymsey]

[Jackirius]

This is why i rate you highly on this forum

::thumbsup:

*blatant sucking up*

Jealousy doesn't suit you. We all know you strive for Wymeseys love and attention.

[Jackirius]

http://www.bbc.co.uk/news/education-11954333 2nd video on the page, 48 seconds. And right at the end, the reporter has a bloody helmet on

[Matt]

Fucking Students, way to go having a decent arguement, get respect and be listened too....

What a complete moron.

I'm quite amazed this man is even a student because he sounds like he couldn't even tie his fvcking shoelaces.

Obviously why he's a student?

only if you believe intelligence can be taught to stupid people

Shame common sense can't be taught to 'clever' people.

I'm working for a year then going travelling, and then after might have gone to uni but this has persuaded me against it.

So presumably you're not quite sure what you what to do, and what you will gain from University? So why did you have this plan? If you had an idea of what you wanted to do and gain from University fair play but for this to put you off you're obviously not set on the idea or sure, Fair play go straight into work if this is the case, if not follow your heart go to Uni, use what you gain and it will pay for itself, simple.

For once the Governement has done something decent, I guess so with people comments anyway only just got in all day and not heard any news all day. My money can help clean up the mess and chaos the students have caused now

[ACF]

So, in easy terms, can someone explain what the fook is going on?

[James.]

So, in easy terms, can someone explain what the fook is going on?

In summary Matt has a massive fuck off chip on his shoulder.

[Zingari]

In summary Matt has a massive fuck off chip on his shoulder.

in all fairness though , taxpayers do tend to get pretty pissed off with waste on such a massive scale ,

the education system has become somewhat of a sacred cow

[Houdini Logic]

in all fairness though , taxpayers do tend to get pretty pissed off with waste on such a massive scale ,

the education system has become somewhat of a sacred cow

And so it should be - free education should be a birthright in a country like ours.