Is partner liable for my student loan?

SnooksNJ

BrassicWoman wrote: »

That depends if you think the goal of education is purely financial, surely - I don't!

True, I know loads of Pre-Wed majors.

BrassicWoman

SnooksNJ wrote: »

True, I know loads of Pre-Wed majors.

Get back into cynics' corner. Learning to learn and to be curious about life is a true gift.

adindas

BrassicWoman wrote: »

Get back into cynics' corner. Learning to learn and to be curious about life is a true gift.

True but learning in life or learning below degree level is different with study at the university. The former is free while the latter will cost people a fortune ...
Studying at the university it will cost people £9,000 per year. Add it £7,000 per year to living cost as if you study full time it is difficult to work full time. So altogether will be £48,000,-

If you have racked up £48,000 in student loan and work in the area where you do not need a degree, your time and money spent at the university will be totally wasted. The truth is that some people do not really care about it as there is a good chance there are not be paying it back anyway.

Think about many people funding their university fee using taxpayer's money.
The tax payers have the right to ask what do they get in return. It is to expect the loan is to be paid back in full or even just partially to be used by other new students. If too many students do not pay their loan back in full or partially the system will not be sustainable, the taxpayers will be required to pay more taxes...

There might some people in this forum do not like this naked truth. The people in the situation where finishing degree they are working in the area which does not need a degree at all. But if they could share their personal experience they are doing a good thing to prevent other people doing the same mistake. It might help people especially young people when they choose the subject to study at the university.

This is an example which might help people when they choose subject to study at the university.

"My degree is next to worthless'; A majority of graduates in the UK are getting jobs where they do not need a degree, according to a report."
http://www.bbc.co.uk/news/education-33984756

adindas

ViolaLass wrote: »

The government make those decisions for us.

I wouldn't want us to change to the US system where people can be crippled by debts whether or not they are in work. Our system is much better (and I speak as someone who is paying their SL back).

Well I think it will depend on where you sit. If you have student loan and do not need to pay it back due to earning below repayment threshold, it is definitely better for you. How many people do not like it if you got about £48,000 but you do not need to pay it back ??

But it is bad for the taxpayer who contribute to the system but do not get something in return.

ViolaLass

adindas wrote: »

Well I think it will depend on where you sit. If you have student loan and do not need to pay it back due to earning below repayment threshold, it is definitely better for you. How many people do not like it if you got about £48,000 but you do not need to pay it back ??

But it is bad for the taxpayer who contribute to the system but do not get something in return.

While I appreciate that the tax system needs the money to come back at some point, I don't think it's as simple as 'do degree, get job, repay loan from earnings'.

What about, for example, the effect of more educated parents on their children? Such a child might avoid getting into trouble, see the value of education and go on to make an excellent contribution to society. Such a contribution, by parent and child, might be difficult to quantify in financial terms. Research has shown that how a child does in school is affected, among other things, by their mother's level of education (because the mother is usually the one who stays home more).

I'm not saying we shouldn't look at how much money someone pays back I'm just saying that that isn't all we should look at (in my opinion).

adindas

ViolaLass wrote: »

While I appreciate that the tax system needs the money to come back at some point, I don't think it's as simple as 'do degree, get job, repay loan from earnings'.

What about, for example, the effect of more educated parents on their children? Such a child might avoid getting into trouble, see the value of education and go on to make an excellent contribution to society. Such a contribution, by parent and child, might be difficult to quantify in financial terms. Research has shown that how a child does in school is affected, among other things, by their mother's level of education (because the mother is usually the one who stays home more).

I'm not saying we shouldn't look at how much money someone pays back I'm just saying that that isn't all we should look at (in my opinion).

Well, people learn to bring up children, not at the university at the degree level but at the university of life ....
Do people need to go to university to be able to teach their children about good manner, how to be responsible, to behave, honesty, etc

You do not need to go to university just to become a good parent you could easily find millionaires who creates thousands of jobs come from deprive family brought up by parent without further education at college.

ViolaLass

adindas wrote: »

Well, people learn to bring up children, not at the university at the degree level but at the university of life ....
Do people need to go to university to be able to teach their children about good manner, how to be responsible, to behave, honesty, etc

You do not need to go to university just to become a good parent you could easily find millionaires who creates thousands of jobs come from deprive family brought up by parent without further education at college.

No, uni is not a requirement to parent well, obviously, but as I said "Research has shown that how a child does in school is affected, among other things, by their mother's level of education (because the mother is usually the one who stays home more)." I'm not speaking subjectively here, this is what research has shown.

Also, telling people that they shouldn't go to uni because they'll 'waste' it by staying at home with their children would be a return to the dark ages. Let's not be that backward a society.

adindas

ViolaLass wrote: »

Also, telling people that they shouldn't go to uni because they'll 'waste' it by staying at home with their children would be a return to the dark ages. Let's not be that backward a society.

Go to university is not a waste of money if with the help of parent, people choose carefully the subject they want to learn from the beginning. It is not enough to go university just because you like it, for fun without thinking whether you could use it to support your career. It is not purely for financial gain, but the finance need to be part of the equation.

Some young people go to university just attracted to the posh name of course. For instance "golf management" and "surf science, food ball management, retail Management, etc. They are hoping after finishing degree they will become football managers, Managers in food industry. Most people like to become managers and they thought the could become managers in theses areas by having degree from higher education. The reality is that finishing degree they will work in the area which does not need degree at all such as stacking items on the shelves. If you go to major chain supermarket there is a good chance you might find someone stacking items on the shelves with an MBA degree. Their parents who have more experience in life do not tell them that most people in these industries become managers not because of the degree gained from high education but from work experience working from the front line staffs and climbing up the ladder to become a manager.

Moreover, with the current SL system in the UK there is a huge incentive to study for fun because despite racking up about £48,000 of taxpayers money (say) they do not need to pay back until they start earning above the repayment threshold. The US system will be fairer to society as only for the people who use the taxpayers money will need to pay back. Those who do not do not have to.

ViolaLass

adindas wrote: »

Go to university is not a waste of money if with the help of parent, people choose carefully the subject they want to learn from the beginning. It is not enough to go university just because you like it, for fun without thinking whether you could use it to support your career. It is not purely for financial gain, but the finance need to be part of the equation.

Some young people go to university just attracted to the posh name of course. For instance "golf management" and "surf science, food ball management, retail Management, etc. They are hoping after finishing degree they will become football managers, Managers in food industry. Most people like to become managers and they thought the could become managers in theses areas by having degree from higher education. The reality is that finishing degree they will work in the area which does not need degree at all such as stacking items on the shelves. If you go to major chain supermarket there is a good chance you might find someone stacking items on the shelves with an MBA degree. Their parents who have more experience in life do not tell them that most people in these industries become managers not because of the degree gained from high education but from work experience working from the front line staffs and climbing up the ladder to become a manager.

Moreover, with the current SL system in the UK there is a huge incentive to study for fun because despite racking up about £48,000 of taxpayers money (say) they do not need to pay back until they start earning above the repayment threshold. The US system will be fairer to society as only for the people who use the taxpayers money will need to pay back. Those who do not do not have to.

We're talking about different things. I'm talking about people doing any degree and then becoming stay-at-home parents for a number of years. You're talking about whether the degree they've chosen in the first place was a useful one to do.

Both of these points are valid ones to discuss but they are not the same point.

ReadingTim

ViolaLass wrote: »

Also, telling people that they shouldn't go to uni because they'll 'waste' it by staying at home with their children would be a return to the dark ages. Let's not be that backward a society.

No-one is suggesting that people be told that they can't go to university because they'll 'waste their education by having children' (or whatever). However, people should be aware that if they have received a benefit, even a student loan, then it means someone else has gone without, as our resources are limited. They therefore have an obligation to repay that loan, unless circumstances beyond their control prevent that from happening.

Should someone voluntarily put themselves into a position where they can't repay, then whoever is supporting them should assume that obligation.