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'Post-98 Student Loans' Repayment Ready Reckoner discussion

Former_MSE_Natasha
Former_MSE_Natasha Posts: 672 Forumite
edited 25 August 2009 at 12:55PM in Student MoneySaving
:staradmin This thread is to discuss the new 'Post-98 Student Loans' Repayment Ready Reckoner :staradmin

in the Repaying Student Loans guide

Please click reply to discuss

Comments

  • sly_dog_jonah
    sly_dog_jonah Posts: 1,003 Forumite
    Car Insurance Carver!
    Not working tonight in either Firefox v3.5.2 or IE6 :confused:
    Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof
  • Raquela
    Raquela Posts: 359 Forumite
    doesn't work in Firefox or Safari for the Mac either - I have reported this to them
  • Former_MSE_Dan
    Former_MSE_Dan Posts: 1,592 Forumite
    1,000 Posts Combo Breaker
    Hi folks,

    We think these problems are fixed now, thanks for reporting them. If you see any more, please let us know

    Dan
    Former MSE team member
  • starrynet
    starrynet Posts: 1 Newbie
    Why does the tool go over 25 years. I thought 'new' loans were written off at 25 years??????
  • Former_MSE_Natasha
    Former_MSE_Natasha Posts: 672 Forumite
    Hi starrynet - can you let me know what year and figures you input to get a date over 25 years and I'll look into it. Thanks N.
  • JoeA81
    JoeA81 Posts: 266 Forumite
    This is a very straightforward and lucid guide to repaying student loans. I think I will be referring everyone to this article in the future, as it sets everything out very clearly.

    The only thing I would add is...make the following text of the article REALLY BIG!


    "Should I pay off my student loan?

    No, No and No!"
    Don't pay off your student loan quicker than you have to.
  • JoeA81
    JoeA81 Posts: 266 Forumite
    :D

    Thanks for agreeing with my suggestion!
    Don't pay off your student loan quicker than you have to.
  • sly_dog_jonah
    sly_dog_jonah Posts: 1,003 Forumite
    Car Insurance Carver!
    MSE_Dan wrote: »
    Hi folks,

    We think these problems are fixed now, thanks for reporting them. If you see any more, please let us know

    Dan

    Seems to be working okay now, thanks. Does the calculator assume the salary and loan use the same rate of inflation for future rises/interest?
    Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof
  • Former_MSE_Natasha
    Former_MSE_Natasha Posts: 672 Forumite
    edited 18 January 2010 at 4:01PM
    sly_dog_jonah wrote: »
    Seems to be working okay now, thanks. Does the calculator assume the salary and loan use the same rate of inflation for future rises/interest?


    Yup, that's right for now. But there'll be an additional function added at some point so you can compare how long it'll take to repay your loan if your salary doesn't follow inflation.
  • Former_MSE_Natasha
    Former_MSE_Natasha Posts: 672 Forumite
    JoeA81 wrote: »
    :D

    Thanks for agreeing with my suggestion!


    It was a very good point :smiley:
This discussion has been closed.
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