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Walked out of job

24

Comments

  • Comms69
    Comms69 Posts: 14,229 Forumite
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    Tom0492 wrote: »
    Fair point. Although, I come from a under privileged background so even making it to university in the first place is an achievement.



    Im sure it is.


    I just don't understand how people get into so much debt for this fantastic education, but have nothing planned - not even a min wage job.
  • JReacher1
    JReacher1 Posts: 4,664 Forumite
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    Comms69 wrote: »
    Im sure it is.


    I just don't understand how people get into so much debt for this fantastic education, but have nothing planned - not even a min wage job.

    It’s not real debt though. It’s more a graduate tax that you have to pay when you earn a certain amount of money.

    When you leave uni there is no pressure from day one to be paying the money back. There is therefore no rush to force yourself into employment.
  • Comms69
    Comms69 Posts: 14,229 Forumite
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    JReacher1 wrote: »
    It’s not real debt though. It’s more a graduate tax that you have to pay when you earn a certain amount of money.

    When you leave uni there is no pressure from day one to be paying the money back. There is therefore no rush to force yourself into employment.



    I get what you're saying; but it absolutely is 'real' debt. It's just under more favourable terms (in terms of collection anyway) than other types of personal debt.


    I would think that work ethic and the desire to better one's holdings would be enough to force people into work.
  • JReacher1
    JReacher1 Posts: 4,664 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Comms69 wrote: »
    I get what you're saying; but it absolutely is 'real' debt. It's just under more favourable terms (in terms of collection anyway) than other types of personal debt.


    I would think that work ethic and the desire to better one's holdings would be enough to force people into work.

    I don’t agree. It’s a debt that realistically many people will never completely pay off and has rules over repayment that means it should not be a financial hardship to the debtor.

    When you are 21 years old and leave uni your whole future is in front of you. There is no real rush to go straight into a full time career, there is plenty of time to do that.
  • Comms69
    Comms69 Posts: 14,229 Forumite
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    JReacher1 wrote: »
    I don’t agree. It’s a debt that realistically many people will never completely pay off and has rules over repayment that means it should not be a financial hardship to the debtor.

    When you are 21 years old and leave uni your whole future is in front of you. There is no real rush to go straight into a full time career, there is plenty of time to do that.



    Let's agree to disagree.


    I know plenty of people who bummed around after their degree's finished and they are, at least in the technology fields, now struggling to compete.
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
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    JReacher1 wrote: »
    I don’t agree. It’s a debt that realistically many people will never completely pay off and has rules over repayment that means it should not be a financial hardship to the debtor.

    I think the point was that if it's a debt that cannot realistically be repaid, then one might have to question the value of the degree received whilst incurring it.

    A sub-question might be why when someone has acquired said degree (at this great expense) do they appear to fail to go on to the sort of well-paying job which their degree should set them up for...?
  • Comms69
    Comms69 Posts: 14,229 Forumite
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    ReadingTim wrote: »
    I think the point was that if it's a debt that cannot realistically be repaid, then one might have to question the value of the degree received whilst incurring it.

    A sub-question might be why when someone has acquired said degree (at this great expense) do they appear to fail to go on to the sort of well-paying job which their degree should set them up for...?



    Unfortunately many students are misled about the value of their degree, either by the institution or by their social circle.


    Anyone studying humanities and arts, should be made acutely aware that the employment market is brutal.
  • Dox
    Dox Posts: 3,116 Forumite
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    The days when a degree was a path to a good job are long gone. The reality is many graduates will have to settle for pretty much any job while they seek that elusive 'career'. Google on 'graduates in menial jobs' and you get some frightening statistics.

    Quality apprenticeships have to be a serious alternative, surely?
  • Les79
    Les79 Posts: 1,337 Forumite
    You're in for a tough few years I reckon (but not nearly as tough as someone I know who, at a very young age, had to drop out of university due to extreme ill-health).


    I find it particularly comical how you are fit and able to complete your university studies (enjoy graduation) but you can't hold down a job, citing depression/anxiety in either an indirect way of explaining why you quit it or it being completely unrelated to the job quitting issue (which begs the question; what were you playing at?!).


    Enjoy Universal Credit. Hopefully the job centre gets you on McDonald's books unpaid for a few weeks as "work experience" (or sanctions you if you refuse). Little tip, don't cook the veggie burgers in the same vat as the fish because all hell breaks loose!
  • System
    System Posts: 178,427 Community Admin
    10,000 Posts Photogenic Name Dropper
    Les79 wrote: »
    You're in for a tough few years I reckon (but not nearly as tough as someone I know who, at a very young age, had to drop out of university due to extreme ill-health).


    I find it particularly comical how you are fit and able to complete your university studies (enjoy graduation) but you can't hold down a job, citing depression/anxiety in either an indirect way of explaining why you quit it or it being completely unrelated to the job quitting issue (which begs the question; what were you playing at?!).


    Enjoy Universal Credit. Hopefully the job centre gets you on McDonald's books unpaid for a few weeks as "work experience" (or sanctions you if you refuse). Little tip, don't cook the veggie burgers in the same vat as the fish because all hell breaks loose!
    In fairness its possible to get a degree and still be depressed/anxious. I should know because i did exactly that. Granted you didn't see the binge drinking, self harm and suicide attempts, but i did eventually graduate despite that (would probably have helped if it hadnt of taken them till i was 24 to diagnose me with bipolar but there you go)
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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