New! Student Finance Calculator 2012

Former_MSE_Dan · 23 August 2011 at 6:56PM

Hi folks,

After a lot of work, we've built and now launched a calculator to help prospective new students in September 2012 work out the true cost of the borrowing they'll take out to go to uni.

We'd love your feedback on this - we are looking at adding a few more features once it has bedded in and more info is available from the Govt. Click this to give it a try...

Student repayment calculator 2012

Then click reply below to join the discussion.

Dan

GeneHunt_2 · 23 August 2011 at 7:09PM

Imho that's Brilliant :T (at first glance anyway) I'm off to play with it.

GeneHunt_2 · 23 August 2011 at 7:17PM

Had a "play" - yup that's brilliant :T:T:T:T

setmefree2 · 23 August 2011 at 7:33PM

Fantastic Loan Calculator. A great tool for any student (and their parents :dance:).

A Big Thank You MSE!

:beer:

Former_MSE_Dan · 23 August 2011 at 10:03PM

Hi all,

If you are testing the tool, could you help us with a little bug test please. Do any users of Internet Explorer not see the black speedometer that appears at the top of the results column, once you have slid a few inputs?

If yes, if you can let us know the version of internet explorer that you are in, and any details, that would be brilliant

Thanks

Dan

west_end_girl · 23 August 2011 at 11:49PM

Hi - Yes it is fab!

I can see the speedometer fine - I'm on IE 7 (I know you asked if we cannot see!)

I like the added touch of the "after 30 yrs debt wipes" reminder.

mummyplus3 · 24 August 2011 at 12:22AM

I can see the speedo on FF,

Great tool, I've just deferred my course untill next year to go onto the 4 degree progamme and am off to college in sept for the first time instead of doing a 5 year foundation degree as the new structure will work out better for me! Especially with the kids, as I am likely to continue with my setting up my own company I am able to set my own wages in the future

luciandan · 24 August 2011 at 8:03AM

It's a fun tool, and maybe good for mature students, but the idea that you can have the faintest notion what your salary growth will be when you're 18 and haven't even started in the graduate job market is a bit far fetched.

GeneHunt_2 · 24 August 2011 at 8:03AM

Sorry Dan I use FF too so can't help you with the IE thingy.

GeneHunt_2 · 24 August 2011 at 8:08AM

luciandan wrote: »

It's a fun tool, and maybe good for mature students, but the idea that you can have the faintest notion what your salary growth will be when you're 18 and haven't even started in the graduate job market is a bit far fetched.

Do you think? Some students know they want to be Doctors, Dentists, Lawyers, accountants, bankers, engineers, etc?

Anyway, even if they don't, at least the calculator helps fully inform them of the effect of higher earnings on student loan repayments, don't you think?

Ex_Connexions_Adviser · 24 August 2011 at 8:49AM

At last...a calculator giving students and their parents a realistic idea of the amount of debt they will have to take on.
While the government do not want anyone to be put off applying to university,they have effectively decimated the careers profession,so there are few or no impartial advisers to give this kind of vitally important advice and guidance in schools or colleges.
I would feel ethically challenged in this financial climate to be advising anyone about student loans and am glad I no longer work in this area ( having been unfairly dismissed...that's without redundancy pay from the contract provder).
Well done Martin's team for making this clear...of course this does not apply to the increasing number of overseas students who are able to pay the top rate of fee and are competing with our own, home grown talent,for a limited number of places.

New! Student Finance Calculator 2012

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