Is money and a student loan really a big deal?

imoneyop

cleverinvestor wrote: »

Ifyou can get yourself in a situation where you can exchange your time for foodand shelter, thats all you need.

Good luck with trying to invest your turnips for your future .

cleverinvestor

CLAPTON wrote: »

it seems odd that something that is essential for survival has no value

Thats exactly it. The food and shelter has value, the exchange of currency for it has no value.

So if you can get Shelter and Food without the exchange of currency, but say, for selling a skill, or helping someone out the world would be a better place.

I work full time but dont have much money left at the end of the month. It would be easier for all involved if my work place just let me sleep in the office and fed me instead of getting the banks involved.

cleverinvestor

imoneyop wrote: »

Good luck with trying to invest your turnips for your future .

why would I need to invest them? just need to eat them

iolanthe07

University is so much more than just getting a degree though. It's an experience that sets you up for life and (should) liberate your mind. Well, that was my experience in the 1960's, but then I didn't have to pay anything or take out a loan, so perhaps the decision was easier in those days.

Nice_Weather_For_Ducks

WE have 2 nutjobs for the price of one on this thread LOL

CLAPTON

cleverinvestor wrote: »

Thats exactly it. The food and shelter has value, the exchange of currency for it has no value.

So if you can get Shelter and Food without the exchange of currency, but say, for selling a skill, or helping someone out the world would be a better place.

I work full time but dont have much money left at the end of the month. It would be easier for all involved if my work place just let me sleep in the office and fed me instead of getting the banks involved.

well I guess your BF/GF would be well please

actually companies used to do that as it was a profitable rip off

bigadaj

iolanthe07 wrote: »

University is so much more than just getting a degree though. It's an experience that sets you up for life and (should) liberate your mind. Well, that was my experience in the 1960's, but then I didn't have to pay anything or take out a loan, so perhaps the decision was easier in those days.

I know what you mean but as you say it's different when people are actually paying for it directly.

My experience was in the 80s and things are radically different now, education is great but whilst it's an easy hurdle for employment to say people should have a degree it often doesn't add much value if the degree isn't vocational. If you do a useful degree at a good university it is probably a good thing, media studies at a former poly or he college is unlikely to be worthwhile.

I feel sorry for people who have got themselves into debt for a qualification of dubious value, though politically it was a very good short term move for Blair in expanding education. Getting people to pay for education with the combined benefit of taking people off the unemployment statistics, at least for the first few years.

I couldnt believe all the statistics about the increased value of a degree, as the basics of supply and demand would obviously mean that pushing out more graduates would result in the value of a degree being degraded. Not that it makes things much easier if you haven't got one as that is an easy obstacle to put in place of employment.

longtermplanner

what degree are you thinking of doing? what job will this equip you to do afterwards? will it be well-paid?

Forget this nonsense about money being written off and technological advance. If you invest in yourself to acquire worthwhile skills, you should be fine. If you expect uni to be a walk in the park and go for a doss subject, you might get a nasty surprise when no-one wants to give you , aged 28 or 29,, a job paying a "graduate" salary.

ch3101

If you think about this all from a purely financial point of view then no, for a lot of people it doesn't make any sense to go to uni.

You could have say a student who has always worked hard, is doing a degree that is the only way to the dream job (medicine, law, engineering etc). This student has to move away to the best uni they can, they get into say 20k worth of student loans, maybe have some other student finance as well. They do however, as long as they work hard and get a 1st or 2:1, have a good chance at a job paying >25k straight away at 22 years old. This should increase and they have the potential to earn much much more and hence pay all of the debt off in a few years and everything is fine.

Otherwise you have the chap who has come to uni because he doesn't want to start working, thinks it's a breeze and gets a 3rd in Croatian Poetry. In this case, they will have real trouble applying the degree and the 20k of debt will hang over their head for a long long time.

But you also have to consider the experience of uni, meeting friends, getting involved in new things and hopefully maturing before going out into the big bad world.

CLAPTON

ch3101 wrote: »

If you think about this all from a purely financial point of view then no, for a lot of people it doesn't make any sense to go to uni.

You could have say a student who has always worked hard, is doing a degree that is the only way to the dream job (medicine, law, engineering etc). This student has to move away to the best uni they can, they get into say 20k worth of student loans, maybe have some other student finance as well. They do however, as long as they work hard and get a 1st or 2:1, have a good chance at a job paying >25k straight away at 22 years old. This should increase and they have the potential to earn much much more and hence pay all of the debt off in a few years and everything is fine.

Otherwise you have the chap who has come to uni because he doesn't want to start working, thinks it's a breeze and gets a 3rd in Croatian Poetry. In this case, they will have real trouble applying the degree and the 20k of debt will hang over their head for a long long time.

But you also have to consider the experience of uni, meeting friends, getting involved in new things and hopefully maturing before going out into the big bad world.

why does the debt hang over their head as they don't have to pay a penny until they earn over 21k ish?