To worry about student loans, or not?

jillymit

As top up fees and the cost of going to higher education increase there will be masses of people in the same situation as you.
I think student loans are fast becoming a kind of 'non debt' and widely regarded as the norm for young people. At least that seems to be the case where I work.

bumpoowee

jillymit wrote: »

As top up fees and the cost of going to higher education increase there will be masses of people in the same situation as you.
I think student loans are fast becoming a kind of 'non debt' and widely regarded as the norm for young people. At least that seems to be the case where I work.

Yes they seem to have been a convenient way for the government to hike income tax by a large magin and form an extra 9% tax banding.

I really do feel sorry for todays students, while I only graduated 4 years ago and the debt situation was bad then, I still have a realistic chance of paying it off, although this will take around 7-8 years total even though I am earning what I would consider to be a decent salary. With top up fees this could take twice as long, I'll bet many people will be more than double their current age by the time they pay them off!

Oldernotwiser

bumpoowee wrote: »

Yes they seem to have been a convenient way for the government to hike income tax by a large magin and form an extra 9% tax banding.

!

Pesonally, i think that a graduate tax would've been a much more sensible way to go. Unfortunately, raising taxes is a vote loser and they took the easy way out.