Tuition Fees

setmefree2

I found this in the Daily telegraph

The interest rate on student loans will remain at zero until graduates earn £21,000 – when they will be charged three per cent, plus inflation. If debts are not repaid after 30 years, they will be wiped out.

http://www.telegraph.co.uk/education/universityeducation/8191811/Tuition-fees-Q-and-A-what-do-the-proposals-mean.html


It concurs with this from the BBC

Under a "progressive tapering" system, the interest rate will rise from 0 for incomes of £21,000, to 3% plus inflation (RPI) for incomes above £41,000.

http://www.bbc.co.uk/news/education-11483638




Is that right - nought, nil, zilch, nothing????? What - not even RPI ????

setmefree2

JJ_Egan wrote: »

May help .
http://www.factsonfees.com/

jje

Ok so

Tuition fees will not be paid upfront by either students or their parents. Graduates will make a contribution after they have left university.

So this is not a loan? I can't pay the fees up front even if I want to? It's a graduate tax then?

JJ_Egan

So this is not a loan? I can't pay the fees up front even if I want to? It's a graduate tax then?

Since when do you pay a loan upfront ???
If you wanted you could negotiate with the university for an upfront payment .

Graduate tax would be correct only if all graduates prayed the full amount .
Their are estimates somewhere that 40% of graduates will pay little to nothing as they will never get a job with a high enough salary .

Mark Twain was right their are only two certainties .Death and Taxes .

jje

setmefree2

Hi JJ - what I meant was that if parents/students can't actually just pay their fees then really it's a tax...