They really want to squeeze every fucking penny out of this generation.
We’ll have nothing because this cuntservative government are going to bankrupt us all.
So trapping an entire generation into more debt, retroactively changing the terms of an agreement signed up for, is just totally legally fine in this country? What a damn farce.
In the mean time the USA are calling to cancel all student debt.
The UK is full of dinosaurs.
The trick is to stay poor your whole life so you remain below the repayment threshold. However this somewhat defeats the purpose of going to university in the first place.
Capping interest at the rate of inflation is good news. That is a real killer to many.
[removed]
This is approaching one of the worst ways to fund higher education at this point. It’s insufficiently flexible for the universities and weakens their positions unless they’re a top performer because they just want to increase student numbers all the time. For the government it ends up with large and variable unsecured debts. For the students it’s a regressive payment system that is presented as a loan but is really more of a tax. A simple pure graduate tax would be better at this point as it would not be regressive, as well as being better for the government as it captures contributions from those high earners who otherwise pay the loan amount back quickly.
Getting around paying these dickheads back is really getting tedious.
>Only around a quarter of current [university] leavers are predicted to earn enough to repay in full now.
Do we maybe think that the issue with this is that **wages are absolute shite even for graduates???**
I didnt go to uni due to personal circumstances, ive been in work since i was 16.
I was always slightly annoyed that i didnt really get the chance but it feels like i might have had a lucky escape.
I feel sorry for all these students, all my friends that went to uni and have ended up in massive amounts of debt, are now being squeezed by the government and still work in similar jobs to myself.
Its a sad state of affairs, this government are royally fucking over an entire generation of people.
With a 40 year repayment period its now officially a graduate tax.
They thinking we making £140,000+ a year and living to age 200.
Graduates and other young people. Come let’s get out of the fucking hell-hole of a nation and go anywhere the HMRC can’t reach us. I’d love to see the remnants of this country collapse from afar, knowing that they chose to punish those who were and could have kept it afloat.
Who the fuck is paying off their loan ever?? I am in over 70k of debt, and despite paying over £130 per month, I still get to watch that number climb. I’m paying for a full year of university every few years… I have absolutely no incentive to every try and pay this thing off, and to add insult to the whole thing, because I get paid in a foreign currency, I can’t even let it pay itself off automatically and stop thinking about it. I have to manually send the money every single month, along with sending the student loans company my salary information in uncomfortable detail every year, so they can rob me of the “correct” amount for that year.
Earning an ‘average’ wage and having to hand over so much, either through tax (like this) or on essentials like rent, petrol, food and energy, whilst receiving no benefits, meaning you have no real disposable income to stimulate the economy, or do anything much, despite ‘working hard’, and getting an education as you were either conned or forced (for many professions) into, necessitating taking loans subject to endless, and always punitive, one-sided ‘renegotiation’.
​
…. Sorta sounds like a disincentive to remaining in the UK. Sorta sounds like the result of idiotic, shot-termist government policies that will inevitably fuck the country.
It’s not like the posturing re Russia right now is embarrassing enough.
We’ve have over a decade of gross misrule now. There’s no excuse for anyone who cares at all about the country to have voted for this bunch of c____ since 2015. Since then it’s just idiocy, tribalism and in some cases self interest to the point that it’s near enough fucking treasonous.
Oh no, we have to pay back our loans…
For a subreddit that often sees demands to lower the voting age, they still don’t understand or read the terms and conditions of their student loans.
Cool. Cool, cool cool.
On a completely unrelated note, has anyone else had an overwhelming urge to off themselves lately?
I mean you can pay it back in 30 years still if you want. You can always make additional payments
>Currently Young, people in England to pay forever.
Fify
And to have the interests rise accordingly ending up in port much the same monthly payments but over 40 years? Because that’s how it usually goes
21 comments
[deleted]
They really want to squeeze every fucking penny out of this generation.
We’ll have nothing because this cuntservative government are going to bankrupt us all.
So trapping an entire generation into more debt, retroactively changing the terms of an agreement signed up for, is just totally legally fine in this country? What a damn farce.
In the mean time the USA are calling to cancel all student debt.
The UK is full of dinosaurs.
The trick is to stay poor your whole life so you remain below the repayment threshold. However this somewhat defeats the purpose of going to university in the first place.
Capping interest at the rate of inflation is good news. That is a real killer to many.
[removed]
This is approaching one of the worst ways to fund higher education at this point. It’s insufficiently flexible for the universities and weakens their positions unless they’re a top performer because they just want to increase student numbers all the time. For the government it ends up with large and variable unsecured debts. For the students it’s a regressive payment system that is presented as a loan but is really more of a tax. A simple pure graduate tax would be better at this point as it would not be regressive, as well as being better for the government as it captures contributions from those high earners who otherwise pay the loan amount back quickly.
Getting around paying these dickheads back is really getting tedious.
>Only around a quarter of current [university] leavers are predicted to earn enough to repay in full now.
Do we maybe think that the issue with this is that **wages are absolute shite even for graduates???**
I didnt go to uni due to personal circumstances, ive been in work since i was 16.
I was always slightly annoyed that i didnt really get the chance but it feels like i might have had a lucky escape.
I feel sorry for all these students, all my friends that went to uni and have ended up in massive amounts of debt, are now being squeezed by the government and still work in similar jobs to myself.
Its a sad state of affairs, this government are royally fucking over an entire generation of people.
With a 40 year repayment period its now officially a graduate tax.
They thinking we making £140,000+ a year and living to age 200.
Graduates and other young people. Come let’s get out of the fucking hell-hole of a nation and go anywhere the HMRC can’t reach us. I’d love to see the remnants of this country collapse from afar, knowing that they chose to punish those who were and could have kept it afloat.
Who the fuck is paying off their loan ever?? I am in over 70k of debt, and despite paying over £130 per month, I still get to watch that number climb. I’m paying for a full year of university every few years… I have absolutely no incentive to every try and pay this thing off, and to add insult to the whole thing, because I get paid in a foreign currency, I can’t even let it pay itself off automatically and stop thinking about it. I have to manually send the money every single month, along with sending the student loans company my salary information in uncomfortable detail every year, so they can rob me of the “correct” amount for that year.
Earning an ‘average’ wage and having to hand over so much, either through tax (like this) or on essentials like rent, petrol, food and energy, whilst receiving no benefits, meaning you have no real disposable income to stimulate the economy, or do anything much, despite ‘working hard’, and getting an education as you were either conned or forced (for many professions) into, necessitating taking loans subject to endless, and always punitive, one-sided ‘renegotiation’.
​
…. Sorta sounds like a disincentive to remaining in the UK. Sorta sounds like the result of idiotic, shot-termist government policies that will inevitably fuck the country.
It’s not like the posturing re Russia right now is embarrassing enough.
We’ve have over a decade of gross misrule now. There’s no excuse for anyone who cares at all about the country to have voted for this bunch of c____ since 2015. Since then it’s just idiocy, tribalism and in some cases self interest to the point that it’s near enough fucking treasonous.
Oh no, we have to pay back our loans…
For a subreddit that often sees demands to lower the voting age, they still don’t understand or read the terms and conditions of their student loans.
Cool. Cool, cool cool.
On a completely unrelated note, has anyone else had an overwhelming urge to off themselves lately?
I mean you can pay it back in 30 years still if you want. You can always make additional payments
>Currently Young, people in England to pay forever.
Fify
And to have the interests rise accordingly ending up in port much the same monthly payments but over 40 years? Because that’s how it usually goes