I almost want to go unemployed for 20 years just to spite them.
£300? I’m paying £92
Learn a trade instead of going into tens of thousands of pounds of debt
Yeah I looked the other week to see if I was the lucky few owed a refund. No refund, but my debt is climbing since I’m not earning enough to pay it off.
That said, I’ve just gotta coast on by for another 24 years and it will have been a bargain.
What is interest
Good. That’ll stop the poors thinking they can improve their station
They charge interest, so for most people, it’s a huge monthly financial drain.
I feel like this was one of those moments once you left school…choose the blue pill, be in student debt and study for something that you’ll never be able to do…choose the red pill, save up for a mortgage only to then be screwed over by the government and pay higher mortgage rates to the point where you’re practically broke.
Just be rich. Or work down the pits like your ancestors. Oh, they killed industry so that isn’t an option.
Ok, go into debt doing a course that jobs don’t exist for. Then earn minimum wage servicing a debt that can’t be paid back.
Basically fuck you for being born poor.
“Simon Hannah is a writer, activist, and trade unionist living in South London. He is an assistant branch secretary in UNISON and has written several books, including A Party With Socialists In It: A History of the Labour Left, which was a Guardian Book of the Day.
Maybe don’t go to university to get a degree that ends up with you as an “assistant branch secretary” for UNISON. That’s the sort of job that someone with a couple of O levels used to do after 5 years of work.
That’s ridiculous. Keeping young people in debt and they wonder why young people can’t afford to live properly and eat properly. I hear how the older generation looks down on younger people for not already owning a house and how they have it easier now etc.
A pack of ramen noodles is about the same price as you bought your house around 80 years ago Beryl….. F U Beryl!!!??!!!!
You’re never meant to pay it. It’s a 30 year tax payable for your education.
It’s an education tax once they changed the plans. I deferred before they went up so my tuition was £1,250 a year. I was entitled to more loans because of my poor background, which I took. I graduated in 2010. I’ve got about 2 left of paying it off monthly (on 60k a year).
It really is stupid, it ultimately just becomes a graduate tax with the way it’s structured, but only on those graduates without parents rich enough to pay for the tuition.
An educated population is a problem to a certain kind of government.
To be fair, just be happy you’re earning that much meaning you’re paying off £300 a month!Â
Look at the options for employment for that degree before you commit. If it pays well then it’s worth it. Avg salary is still only 30k so if you get 60k then your degree helped get a 100% advantage over the median and is worth it. If you are the most highly qualified burger flipper once graduated then maybe not.
Avergae student debt is £44,009. So 17k mire than thats seems rather wastrel. It’s your debt, which is as large as you wanted it, so why are you complaining about it.
And of course, your income has increased too so the proportion you repay has actually decreased.
Blair said it. ‘Education! Education! Education….. will pay for my next car, house, holiday, life.’
Good lord, I finished my degree just before these horrible parasitic “loans” came into being, owing more than you did 3 years ago despite paying nearly £12k is criminal.
I just think of my student loan as an extra tax for life really at this point, as mine doesn’t get written off after 30 years or whatever like they do now.
This point seems utterly irrelevant. No one should be paying £300 per month on a an educational loan of that size only for it to increase, *regardless* of what job they do.
Curious why anyone would try to distract from that.
It’s a tax on graduates. Ignore the total ‘debt’ and appreciate that you’ll likely earn far more than you did had you not gone to uni.
So glad I did an apprenticeship instead of a degree. There are days that I wish I went to uni but then I remember how fucked the loan system is
It’s called interest. If you have a big loan you’ll pay more interest, so you have to pay off more to counter it. It’s simple maths, something a university graduate should know…
Should have gone to the merchant navy, or taken a loan for of £15,000 to get a saturation dicing licence; could be earning £120,000 for 6 months contracts in Arabian peninsula and pay no income tax
It socks. We will never pay them off.
Accepted it as tax rather than a debt .
I have never even checked my balance
I’m glad I was too thick to go to uni
Seems like the financilazation of it is a bit like the old sub prime mortgage thing giving bankers instruments to buy and sell.
29 comments
I almost want to go unemployed for 20 years just to spite them.
£300? I’m paying £92
Learn a trade instead of going into tens of thousands of pounds of debt
Yeah I looked the other week to see if I was the lucky few owed a refund. No refund, but my debt is climbing since I’m not earning enough to pay it off.
That said, I’ve just gotta coast on by for another 24 years and it will have been a bargain.
What is interest
Good. That’ll stop the poors thinking they can improve their station
They charge interest, so for most people, it’s a huge monthly financial drain.
I feel like this was one of those moments once you left school…choose the blue pill, be in student debt and study for something that you’ll never be able to do…choose the red pill, save up for a mortgage only to then be screwed over by the government and pay higher mortgage rates to the point where you’re practically broke.
Just be rich. Or work down the pits like your ancestors. Oh, they killed industry so that isn’t an option.
Ok, go into debt doing a course that jobs don’t exist for. Then earn minimum wage servicing a debt that can’t be paid back.
Basically fuck you for being born poor.
“Simon Hannah is a writer, activist, and trade unionist living in South London. He is an assistant branch secretary in UNISON and has written several books, including A Party With Socialists In It: A History of the Labour Left, which was a Guardian Book of the Day.
Maybe don’t go to university to get a degree that ends up with you as an “assistant branch secretary” for UNISON. That’s the sort of job that someone with a couple of O levels used to do after 5 years of work.
That’s ridiculous. Keeping young people in debt and they wonder why young people can’t afford to live properly and eat properly. I hear how the older generation looks down on younger people for not already owning a house and how they have it easier now etc.
A pack of ramen noodles is about the same price as you bought your house around 80 years ago Beryl….. F U Beryl!!!??!!!!
You’re never meant to pay it. It’s a 30 year tax payable for your education.
It’s an education tax once they changed the plans. I deferred before they went up so my tuition was £1,250 a year. I was entitled to more loans because of my poor background, which I took. I graduated in 2010. I’ve got about 2 left of paying it off monthly (on 60k a year).
It really is stupid, it ultimately just becomes a graduate tax with the way it’s structured, but only on those graduates without parents rich enough to pay for the tuition.
An educated population is a problem to a certain kind of government.
To be fair, just be happy you’re earning that much meaning you’re paying off £300 a month!Â
Look at the options for employment for that degree before you commit. If it pays well then it’s worth it. Avg salary is still only 30k so if you get 60k then your degree helped get a 100% advantage over the median and is worth it. If you are the most highly qualified burger flipper once graduated then maybe not.
Avergae student debt is £44,009. So 17k mire than thats seems rather wastrel. It’s your debt, which is as large as you wanted it, so why are you complaining about it.
And of course, your income has increased too so the proportion you repay has actually decreased.
Blair said it. ‘Education! Education! Education….. will pay for my next car, house, holiday, life.’
Good lord, I finished my degree just before these horrible parasitic “loans” came into being, owing more than you did 3 years ago despite paying nearly £12k is criminal.
I just think of my student loan as an extra tax for life really at this point, as mine doesn’t get written off after 30 years or whatever like they do now.
This point seems utterly irrelevant. No one should be paying £300 per month on a an educational loan of that size only for it to increase, *regardless* of what job they do.
Curious why anyone would try to distract from that.
It’s a tax on graduates. Ignore the total ‘debt’ and appreciate that you’ll likely earn far more than you did had you not gone to uni.
So glad I did an apprenticeship instead of a degree. There are days that I wish I went to uni but then I remember how fucked the loan system is
It’s called interest. If you have a big loan you’ll pay more interest, so you have to pay off more to counter it. It’s simple maths, something a university graduate should know…
Should have gone to the merchant navy, or taken a loan for of £15,000 to get a saturation dicing licence; could be earning £120,000 for 6 months contracts in Arabian peninsula and pay no income tax
It socks. We will never pay them off.
Accepted it as tax rather than a debt .
I have never even checked my balance
I’m glad I was too thick to go to uni
Seems like the financilazation of it is a bit like the old sub prime mortgage thing giving bankers instruments to buy and sell.
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