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student loan interest rate rising to 3.2%

13

Comments

  • nadnad
    nadnad Posts: 1,593 Forumite
    jellyhead wrote:
    if it's true that graduates have a higher earning potential then surely they're putting plenty into the pot later on in their lives, why not help them out a bit during the student years ... when i was at uni 10 years ago i got a small grant and a loan and of course i also needed a job to pay the rent - if i'd been on the dole i'd have had twice as much money to live on though. plenty of people dropped out and went onto benefits, or just went onto benefits and never tried uni - why are the students getting bashed for asking for funding for 3 yerars of their life when the others are still on benefits ten years later?

    this is sooo true and I am in total agreement. I know a lot of peole think students are wasters etc but in my experience its only the very few who get drunk every night and waste all their money. The majority have student loans but also work and go on to work as well though not necessarily in high paid jobs but at least they are working - compared to some people who never get a job or fraud the dhss.
    DON'T WORRY BE HAPPY ;)

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  • jellyhead
    jellyhead Posts: 21,555 Forumite
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    i couldn't have afforded to drink every night lol! i knew people who did, they were funded by their parents.
    52% tight
  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nadnad wrote:
    this is sooo true and I am in total agreement. I know a lot of peole think students are wasters etc but in my experience its only the very few who get drunk every night and waste all their money. The majority have student loans but also work and go on to work as well though not necessarily in high paid jobs but at least they are working - compared to some people who never get a job or fraud the dhss.
    Yep and I probably couldn't keep anyone happy as I was a single parent on income support, chose to get a trained in an area so went to college, realised my potential and went to university and became a real big student!!! And yes I got drunk................fair play considering it was my birthday and I'd finished my exams.............oh and then there was Christmas..................oh and my graduation! Good grief, fancy enjoying myself like the rest of the population!icon11.gif
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  • Savvy_Sue
    Savvy_Sue Posts: 46,884 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    andrew_b6k wrote:
    exactly... it's only when i explain it in terms of the price of a mars bar that my girlfriend understands
    But mars bars have shrunk ... ;) when they were only 6d (half a shilling in old money) they were so big I couldn't eat a whole one!
    Signature removed for peace of mind
  • jellyhead
    jellyhead Posts: 21,555 Forumite
    10,000 Posts Combo Breaker
    did wagon wheels used to be bigger or am i just remembering wrong because i was a child and therefore the wagon wheel was larger in proportion to my gob?
    52% tight
  • Savvy_Sue
    Savvy_Sue Posts: 46,884 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jellyhead wrote:
    did wagon wheels used to be bigger or am i just remembering wrong because i was a child and therefore the wagon wheel was larger in proportion to my gob?
    We are SO off topic here, but there have been free Wagon Wheels in the goody bag I buy with the local paper lately, and they are definitely smaller than I remember as an adult. I don't buy them these days because I am the only one in the family who likes marshmallow, and I'm not supposed to eat things like that.

    to get back ON topic: any parents reading this should check that their offspring realise they are being charged interest on their loan, discovered just before he disappeared that mine didn't! He knew he'd got to pay it back, just didn't realise it was attracting interest while he didn't. D'oh!
    Signature removed for peace of mind
  • jellyhead
    jellyhead Posts: 21,555 Forumite
    10,000 Posts Combo Breaker
    eep! i didn't realise quite how much interest mine was getting. one year my deferment letter got lost in the post but i didn't realise they hadn't received it - they took a months repayment out of my bank account and wouldn't give it back, although they did defer the rest of the payments. i really couldn't afford to pay that months money :-(
    52% tight
  • Savvy_Sue
    Savvy_Sue Posts: 46,884 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    jellyhead wrote:
    eep! i didn't realise quite how much interest mine was getting. one year my deferment letter got lost in the post but i didn't realise they hadn't received it - they took a months repayment out of my bank account and wouldn't give it back, although they did defer the rest of the payments. i really couldn't afford to pay that months money :-(
    I thought it came out of your earnings, through your employer? And only once you were over the earnings limit?
    Signature removed for peace of mind
  • nadnad wrote:
    oh lordy this is ridiculous I have £10K student loan and before I get any sarky comments from those out there who think students are lazy layabouts etc etc - I did not blow the lot on booze/drink/drugs or anything more outlandish than simply paying rent and bills and buying food etc, and yes I did have a job as well and worked about 25 hours a week which also helped. I didn't get any help from parents - they couldn't afford it and anyway its my education so why should they help. the reason I did a degree is because these days its nigh on impossible to get any job without one. Also why is it that when my sister did her degree about 1992 she not only got student grants to help with everything, but the graduate jobs also paid decent money now "graduate" jobs start at about £12K along with all the other jobs so basically you put yourself throught 3-4 years of extra exams, struggle financialy through all that, come out the other end with huge debt, get a job that doesn't necessarily need a degree educated person to do it, (but you have to have a degree cos everyone else has one) and then the government charge you lots of lovely interest for the privilege - excellant!

    Let the backlash begin!


    I just wanted to say thanks for posting this. I totally agree with you, it's very depressing. My loan was taken out for the same reasons as you. Not a penny was spent on drugs & booze, despite some people's narrow minded opinions. My parents didn't help with tuition fees either, everything came out of my own pocket, including £25 of parking each week.
  • Oh dear - my student loan is getting bigger by the month. Being back at uni means that I can't pay any of my original loan back while studying and it's in the order of £15k I think. The SLC seem to have stopped sending me any information (i.e - annual statements etc). Same's happened to most of my friends too.
    :dance::j Take That 23/12/2007:j :dance:
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