Elite 11+ shopping and chat thread part 2½

Serendipitious

Welsh students to get grants from September

https://www.moneysavingexpert.com/news/family/2018/02/welsh-students-to-be-given-grants-between-1000-and-10000-a-year-from-september?_ga=2.142478196.714418601.1509813540-526346186.1506943514

davemorton

Serendipitious wrote: »

Welsh students to get grants from September

https://www.moneysavingexpert.com/news/family/2018/02/welsh-students-to-be-given-grants-between-1000-and-10000-a-year-from-september?_ga=2.142478196.714418601.1509813540-526346186.1506943514

So....the Scots get free education, the Welsh get grants, and the English get shafted again. Got to love our government.

Jeremiah_T_Stone

davemorton wrote: »

So....the Scots get free education, the Welsh get grants, and the English get shafted again. Got to love our government.

Yes - my DS started 4 year Masters last September, when he graduates, hw will have a Student Loan debt of £70,000+

It makes me worry so

pippo

Serendipitious wrote: »

Another 500 on £10 fuel.

So that's £30 spent, 2,000 points total.

Just done my one and only trip to sains today, spent £41.00, 2000 points total and used a £3 off wys £20, Happy pip.:)

pippo

midwinter wrote: »

Ironing board just broken........... metal sheared..........

Will have to get myself up into the loft, pretty sure there is a spare one there from the lads uni days

You've been using it too much!

davemorton

Jeremiah_T_Stone wrote: »

Yes - my DS started 4 year Masters last September, when he graduates, hw will have a Student Loan debt of £70,000+

It makes me worry so

I wouldnt let it worry you, it isnt the same as a conventional loan. To quote from :money: ......
From this point, students must repay loans at a rate of 9% of everything they earn above £21,000 each year (or more technically £1,750 a month). So if you earn £26,000, as that's £5,000 more than the threshold, you repay 9% of it – which is £450 a year.

This means the amount you owe (the borrowing plus interest) never has an impact on what you repay each year. I know people really struggle with this, so let's pick out of the air a current salary of £31,000 (purely done for maths ease as it's £10,000 above the threshold) and look at how different levels of borrowing impact your repayments – though the same principle applies whatever you earn.

- Student loan & interest: £20,000. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

- Student loan & interest: £50,000. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

- To get silly to prove a point: student loan & interest: £1 billion. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

davemorton

Im sure some people on here mentioned they liked sunflower hearts for the birds. From HUKD
Sunflower hearts 12.5kg £10 @ B&Q instore

pippo

davemorton wrote: »

I wouldnt let it worry you, it isnt the same as a conventional loan. To quote from :money: ......
From this point, students must repay loans at a rate of 9% of everything they earn above £21,000 each year (or more technically £1,750 a month). So if you earn £26,000, as that's £5,000 more than the threshold, you repay 9% of it – which is £450 a year.

This means the amount you owe (the borrowing plus interest) never has an impact on what you repay each year. I know people really struggle with this, so let's pick out of the air a current salary of £31,000 (purely done for maths ease as it's £10,000 above the threshold) and look at how different levels of borrowing impact your repayments – though the same principle applies whatever you earn.

- Student loan & interest: £20,000. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

- Student loan & interest: £50,000. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

- To get silly to prove a point: student loan & interest: £1 billion. Your earnings: £31,000.
As you repay 9% of everything above £21,000 your annual repayment is £900.

Beat me to it DM

pippo

Can't remember who was after chocolate coins, but Mr Shoes had loads left in their 70% off clearance, so 30p per 'net'.

fuzzgun19

My total points from the S promo is 1 x 2k, 2 x 1K, 5 x 500, and 8 x 200. Bit disappointed no 5k, but hey ho.

I probably could have squeezed another 10 in the tank, but cba to go out now.