Student Loan 2015 Discussion

atypical

setmefree2 wrote: »

Nah. The site makes money by sending users to moneysupermarket.com. It attracts people to the site because they believe it to be pro-consumer.

The site makes use of affiliate providers, one of which might be moneysupermarket.com. Users are sent to the website of the product that has been recommended, not to the affiliate.

People probably believe the site to be pro-consumer because it is. Or it is all a charade and really the site has some nefarious objective which presumably generates more profit. Quite what this objective might be and how it relates to student loans, I'm not sure.

It is not wrong for the site to make money. Especially given the transparent way this site does it.

But I don't think discussion is going to lead very far so I'm going to bow out

setmefree2

Dunroamin wrote: »

Whilst I take your point, what benefit would it be to private companies/banks if student were encouraged to take out loans from the SLC? MSE is actually quite negative about students getting into debt outside this structure.

I take your point too. However, nothing on this site is transparent is it? Who knew the site was making so much from moneysupermarket.com? Did the likes of Simon Nixon ever figure in the site's original consumerwash? Was Simon Nixon ever old style? How do all those orginal posters who made this site what it is feel about Simon Nixon taking all his millions to Jersey to avoid UK tax?

Who knows what ML's political ties are? Why is he going to so much effort to encourage young people to take out government run student loan's? Why hasn't he campaigned more for proper terms and conditions?

setmefree2

atypical wrote: »

The site makes use of affiliate providers, one of which might be moneysupermarket.com.

The site gets the majority of its income from moneysupermarket.com

atypical wrote: »

People probably believe the site to be pro-consumer because it is. Or it is all a charade and really the site has some nefarious objective which presumably generates more profit. Quite what this objective might be and how it relates to student loans, I'm not sure.

That's the company's business model. Ethical branding is nothing new is it?

atypical wrote: »

It is not wrong for the site to make money.

Of course not.

atypical wrote: »

Especially given the transparent way this site does it.

I've never found this site transparent at all.

atypical wrote: »

But I don't think discussion is going to lead very far so I'm going to bow out

Before you run away please explain why you think companies engage in greenwash? Do you think its because BP really cares about the environment or do you think it makes BP more money? Why do McDonald's promote their food as healthy?

Dunroamin

setmefree2 wrote: »

I take your point too. However, nothing on this site is transparent is it? Who knew the site was making so much from moneysupermarket.com? Did the likes of Simon Nixon ever figure in the site's original consumerwash? Was Simon Nixon ever old style? How do all those orginal posters who made this site what it is feel about Simon Nixon taking all his millions to Jersey to avoid UK tax?

Who knows what ML's political ties are? Why is he going to so much effort to encourage young people to take out government run student loan's? Why hasn't he campaigned more for proper terms and conditions?

Because there's no viable alternative for most students.

Lokolo

setmefree2 wrote: »

Who knows what ML's political ties are? Why is he going to so much effort to encourage young people to take out government run student loan's? Why hasn't he campaigned more for proper terms and conditions?

He doesn't 'encourage' so to speak, he tries to make people understand. Hence the calculators and the guides.

A lot of people don't understand that if you have £100, on the 1998-2012 loans, whether they should put that towards the student loan because the interest is so high. When in fact, it's 1.5%.

I think this is more important than the T&Cs.

GeneHunt_2

Dunroamin wrote: »

Because there's no viable alternative for most students.

Or because this site makes a lot of money out of people being in debt and really it doesn't matter how they get there?

Afterall, tobacco companies make a mint out of cigarettes despite the fact that they print a warning on the product that they manufacture that they are dangerous to your health - ditto alcohol.

Just because companies warn us about doing something that is bad for us doesn't mean they don't want us to do exactly that!

Dunroamin

GeneHunt wrote: »

Or because this site makes a lot of money out of people being in debt and really it doesn't matter how they get there?

Afterall, tobacco companies make a mint out of cigarettes despite the fact that they print a warning on the product that they manufacture that they are dangerous to your health - ditto alcohol.

Just because companies warn us about doing something that is bad for us doesn't mean they don't want us to do exactly that!

Sorry, none of that makes any sense whatsoever.

GeneHunt_2

Dunroamin wrote: »

Sorry, none of that makes any sense whatsoever.

You don't think MSE makes money out of people being in debt?

Someone in debt gets a new credit card with a better rate - kerching - when that rate runs out they get another one- kerching. Got a mortgage - get another with a better rate - kerching. I thought that was how it works?

Students with less money in their pay packets are more likely to borrow in the long term? Bigger mortgages, credit cards & loans??? Kerching. No?

http://www.moneysavingexpert.com/credit-cards/


Look at this fantastic deal from 19th June - hope you didn't miss it. Shame it was item 2 - really it should have been the top deal of the week.

http://www.moneysavingexpert.com/latesttip/

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As a poster said before nothing wrong with folk making money. Got to love MSE.

MSE FOREVER

setmefree2

29.9% APR. Tasty.

It is a bit like offering a free drink in a bar to an alcoholic.

Dunroamin

GeneHunt wrote: »

You don't think MSE makes money out of people being in debt?

Someone in debt gets a new credit card with a better rate - kerching - when that rate runs out they get another one- kerching. Got a mortgage - get another with a better rate - kerching. I thought that was how it works?

Students with less money in their pay packets are more likely to borrow in the long term? Bigger mortgages, credit cards & loans??? Kerching. No?

http://www.moneysavingexpert.com/credit-cards/


Look at this fantastic deal from 19th June - hope you didn't miss it. Shame it was item 2 - really it should have been the top deal of the week.

http://www.moneysavingexpert.com/latesttip/
As a poster said before nothing wrong with folk making money. Got to love MSE.

MSE FOREVER

I'm glad you put a question mark after that because it's certainly a questionable statement. I think that the MSE message to students is very clear, that debt outside the student loan is a bad thing. I also doubt that very many students have mortgages either.