'The argument over student loans could kill the next generation's...' blog discussion

Pelagic123

As an IT contractor, I have long been held by the IR35 ruling; but, if dividend earnings are not involved in the new student loan calculations, then there is an obvious opening for all new students to be paid on a contract basis, only earning £20,000 and taking anything else as dividends, if it is good enough for Tesco Directors, why not the Plebs.

The reason for 16/17 year olds not protesting is that their parents do not understand the system or how much middle class children will pay, as opposed to the rich and the poor, who pay little, or nothing respectively. The poor might as well go, take the money for three years then go on the dole, the rich simply do not care.

The figures you describe as "mine" are not mine, but those of the BIS, just looked at differently,

Pelagic

Pelagic123

do not use your mortgage, this has to be paid back, the student loan does not, that is why it bankrupts Government: if you take on the fees as mortgage, YOU MUST PAY IT BACK, the SLC do not require this. What you may wish to do is tell the kids that you will pay them, each month, whatever is deducted from their pay as SL, then if they stop paying, so do you,

Pelagic

pondbug

I don't have debt
I advise my sons 'don't have debt' pay or do without.
How can we encourage our children to get in to such enormous debt?
Will there be any benifit? really?
Why aren't i allowed to help out so they don't have so much debt and i don't have to worry quite so much? i'd sell my house.
he is doing 'a' levels September, he's clever......... would he have been better off being a lower achiever? i think so.
a job, children, holidays...... no debts for years on end, unable to pay them off quickly to get out from the burden.
My advise to my son is, get a job and work your way up, you are clever and gifted, any employer will see your worth without getting in over your head.