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  • FIRST POST
    • MSE Guy
    • By MSE Guy 20th Apr 10, 11:12 AM
    • 1,628Posts
    • 1,255Thanks
    MSE Guy
    MSE News: Student loan rates to soar as inflation jumps
    • #1
    • 20th Apr 10, 11:12 AM
    MSE News: Student loan rates to soar as inflation jumps 20th Apr 10 at 11:12 AM
    This is the discussion thread for the following MSE News Story:

    "The hike March's cost of living figures means anyone with a student loan will pay far more to service it from September ..."


Page 1
    • sly_dog_jonah
    • By sly_dog_jonah 21st Apr 10, 12:15 PM
    • 1,005 Posts
    • 1,211 Thanks
    sly_dog_jonah
    • #2
    • 21st Apr 10, 12:15 PM
    • #2
    • 21st Apr 10, 12:15 PM
    Not much comment here, because the original blog posting has a bad link at the bottom:


    http://forums.moneysavingexpert.com/showthread.php?p=32037353#post32037353

    should be:

    http://forums.moneysavingexpert.com/showthread.html?p=32037353#post32037353

    The change of interest rate for post-1998 students won't affect how much they pay back through PAYE (9% of gross salary and bonuses over 15000) each month, it will just increase the interest that builds up on the outstanding balance. Graduates will just be paying back for longer. Hopefully the BoE base rate will stay low and the SLC interest rate for post-1998 loans will stay around 1-2% for the year from September.

    Not sure how it would affect payments for pre-1998 loans.
    • Lokolo
    • By Lokolo 21st Apr 10, 12:29 PM
    • 20,120 Posts
    • 15,272 Thanks
    Lokolo
    • #3
    • 21st Apr 10, 12:29 PM
    • #3
    • 21st Apr 10, 12:29 PM
    Not much comment here, because the original blog posting has a bad link at the bottom:


    http://forums.moneysavingexpert.com/showthread.php?p=32037353#post32037353

    should be:

    http://forums.moneysavingexpert.com/showthread.html?p=32037353#post32037353

    The change of interest rate for post-1998 students won't affect how much they pay back through PAYE (9% of gross salary and bonuses over 15000) each month, it will just increase the interest that builds up on the outstanding balance. Graduates will just be paying back for longer. Hopefully the BoE base rate will stay low and the SLC interest rate for post-1998 loans will stay around 1-2% for the year from September.

    Not sure how it would affect payments for pre-1998 loans.
    Originally posted by sly_dog_jonah
    http://forums.moneysavingexpert.com/showthread.html?t=2416507

    Thats cause I beat them
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