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Going to uni in September, or have you been put off?
Of course I don't want her to misuse her education, but the government do not make it easy for middle income families. I was being sarcastic when I say having children and not working for 25 years, which is when the repay period ends.
She wants to study psychology and one uni actually said in their intro - 'if you want to earn decent money then you are in the wrong course!'
If you earn a fair wage say £23k a year you pay back £60 a month, not so bad , but how do you also maintain a mortgage to buy a house which in the south may well average at £250K?
I will be so proud if she goes, but I want it to be a good investment in her future and reading some of the other post from graduates, I'm not so sure.
Hi Paul
I'm 39 and start university in September.
I'm going to university because it interests me, I may even get a job out of it. I don't see a problem with paying for something that is purely my choice and is of benefit to me. I've worked out how much debt I'll probably be in when I leave and it doesn't worry me. If I earn under £15000 I won't be paying anything back. Sounds ok to me, I've never earned that much before anyway. If I earn over that I'll be paying back the loans, again no problem, I'll still be earning more than I ever have.
