MSE News: Autumn Statement 2015: Hidden hike in student loan repayment a 'disgrace' 25 November 2015 at 5:49PM in Student Money Saving 54 replies 8K views

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Millions of graduates will have to repay more of their loans as the Government's U-turned on a promise it made...

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Autumn Statement 2015: Hidden retrospective hike in student loans repayments a 'disgrace'




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photome

I did contact my MP what a waste of time.

I am disgusted by this government

My son signed up to something that has now been changed, no company would be allowed to get away with this but it seems our government can do whatever they want

What can we do now,

Martin you have been very vocal about it but maybe not vocal enough?

chanz4

Why should the tax payer pay for someone else's job progressions. A loan should be repaid, or we will all end up paying for the jolly times that students have.

callum9999

While I hate retroactive changes, this is 100% fair and won't impoverish (or whatever ridiculous hyperbole people are going to use) a single student.

photome wrote: »

I did contact my MP what a waste of time.

I am disgusted by this government

My son signed up to something that has now been changed, no company would be allowed to get away with this but it seems our government can do whatever they want

What can we do now,

Martin you have been very vocal about it but maybe not vocal enough?

Would your son have refused to go to university if he knew this then?

Martins been plenty vocal about it. He has no clout with the government and greedy students already hated them for increasing fees anyway - increasing repayments shouldn't make them any less popular so there was nothing stopping them.

anselld

What does this mean at the end of the article...?
"There's no change for existing graduates from today's move."

... so are we just talking about those who have started Uni but not yet graduated?

agrinnall

anselld wrote: »

What does this mean at the end of the article...?
"There's no change for existing graduates from today's move."

... so are we just talking about those who have started Uni but not yet graduated?

I just think it's a mistake, I can't see anything to suggest that the freeze won't apply to existing graduates.

Ed-1

anselld wrote: »

What does this mean at the end of the article...?
"There's no change for existing graduates from today's move."

... so are we just talking about those who have started Uni but not yet graduated?

agrinnall wrote: »

I just think it's a mistake, I can't see anything to suggest that the freeze won't apply to existing graduates.

It means 'pre-2012' (i.e. plan 1) graduates who currently repay at a threshold of £17335 on a different system. These graduates see no change. Post-2012 graduates generally will have graduated for the first time this year so are now 'existing' graduates so it is misleading although these graduates are not yet in repayment.

Herbalus

chanz4 wrote: »

Why should the tax payer pay for someone else's job progressions. A loan should be repaid, or we will all end up paying for the jolly times that students have.

It isn't just selfish progression. The idea is that having an educated society will help the economy and pay for your pension. If university helps somebody get a higher paying job, they will pay large amounts of tax.

And even if nobody pays the loans back, then these graduates with all their "taxpayer-funded jollies" will be taxpayers that are funding somebody else's jollies.

patanne

I said on the original thread that I would name & shame my MP for lack of response about this. Obviously he is a conservative MP. David Nuttall. He actually is so busy toeing the party line that he doesn't seem to have any!

dizzie

callum9999 wrote: »

While I hate retroactive changes, this is 100% fair and won't impoverish (or whatever ridiculous hyperbole people are going to use) a single student.



Would your son have refused to go to university if he knew this then?

Martins been plenty vocal about it. He has no clout with the government and greedy students already hated them for increasing fees anyway - increasing repayments shouldn't make them any less popular so there was nothing stopping them.

Ha ha, so it would be 100% fair for the bank to change the terms of your mortgage loan would it? And what will stop them from making more retroactive changes? Hiking interest rates, extending the period of the loan? Freezing the threshold further?

....You do talk a load of old codswallop.

And do you know what? Yes, people may have decided not to study here in the UK. I for one have one son who did just that because he wasn't happy with what was on offer. And that was even before this disgraceful retroactive move that this bunch of con-merchants couldn't bring themselves to state openly in today's Autumn statement!

dizzie

patanne wrote: »

I said on the original thread that I would name & shame my MP for lack of response about this. Obviously he is a conservative MP. David Nuttall. He actually is so busy toeing the party line that he doesn't seem to have any!

Same here: my MP is Julian Smith (Conservative). He seems to be more concerned about his own career progression, hence the reason for pressing "print" to spew out some Tory soundbites, without actually answering the question posed.