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Avoid ever having to pay back your student loan

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Comments

  • I don't feel like paying mine. Don't think I'll bother.
    Reclaiming Bank Charges in the UK
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  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    I don't feel like paying mine. Don't think I'll bother.

    Are you a troll?
    Gone ... or have I?
  • dmg24 wrote:
    Are you a troll?

    You !!!!!.
    Reclaiming Bank Charges in the UK
    Trying to Reclaim in the USA
  • IHateDida
    IHateDida Posts: 1,670 Forumite
    You could wait until the Government get desperate for teachers again and offer to repay them for you (repayment of teachers loan scheme) - you only have to be a teacher for 5 years!!!!!(better than waiting until you retire I guess!)

    I only have a few months left of my loan - the government have been paying off around £120 a month for me for the past 5 years!!!!!
  • mitten_2
    mitten_2 Posts: 57 Forumite
    IHateDida wrote:
    You could wait until the Government get desperate for teachers again and offer to repay them for you (repayment of teachers loan scheme) - you only have to be a teacher for 5 years!!!!!(better than waiting until you retire I guess!)

    I only have a few months left of my loan - the government have been paying off around £120 a month for me for the past 5 years!!!!!

    is that true? the government repaid loans as incentive to get people into teaching? That sounds good. hope they decide to do that again.
  • andyrules
    andyrules Posts: 3,558 Forumite
    Originally Posted by IHateDida
    You could wait until the Government get desperate for teachers again and offer to repay them for you (repayment of teachers loan scheme) - you only have to be a teacher for 5 years!!!!!(better than waiting until you retire I guess!)

    I only have a few months left of my loan - the government have been paying off around £120 a month for me for the past 5 years!!!!!


    Does anyone know anything about this? I did my PGCE the year before they started paying teachers to train (so had loan) and have heard nothing of this scheme even though I'm in contact with slc.
  • IHateDida
    IHateDida Posts: 1,670 Forumite
    Give them a call - I did my teacher training in 2002 via the GTP route. They have stopped it now - but I suppose it could start again - its still running for those who are already in it. Its called the repayment of teachers loans (RTL) programme. Give the TTA a call to see if you are eligible. Basically they are repaying 100% of my loan as I teach a shortage subject (definied as Science, English, ICT, Maths and there are some others) for over 50% of my timetable.
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    andyrules,

    You would have received information at the time if the scheme was in place when you were studying. What year did you do your PGCE?
    Gone ... or have I?
  • andyrules
    andyrules Posts: 3,558 Forumite
    dmg - 1998, there was a big recruitment drive that year to bump up numbers. I think it was also the year the GTP started.
    Cheers
  • si1503
    si1503 Posts: 551 Forumite
    andyrules wrote:
    si503 - not sure if you are serious, but 12k is an average annual salary for many round here, so yes, for them it is a life-changing amount of money.
    With a degree? 12k?? Average salary? I don't think so!

    At the end of the day you should pay for the benefit you receive. I believe highly in a free market economy. Why should others have to pay for your degree? In a pure free market economy a degree would cost a whole lot more than what they are currently, look at the cost of uni fees over in the USA. Higher education is still heavily subsidised over here, just because the old way meant that students didn't pay a penny dosen't make it correct, and to be frank with the amount of numbers going into HE, there needs to be some sort of cost system in place these days. Even with the current fees in place HE is oversubscribed in my book. If fees put off certain undergrads without the motivation to do well then that could be argued as a good thing.
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