That said, I have not made a dent in my loan and likely never will. It has amounted to a small graduate tax in the scheme of things, one I never even think about. It should not put off those who really want to go to uni and have a decent plan for what they wish to do once they graduate. If you are applying halfheartedly then it might be worth reconsidering and delaying applying for a year or two.
It’s difficult to see the long term potential of higher lifetime earnings with so much uncertainty about the future when you’re young and just getting by. I went back to school in my 40s to to finish a degree. It was a goal I’d had since my 20s. It paid off. A new field was flourishing which interested me and I got in at the right moment. There’s risks in everything and few things in life are truly calculable.
Just move abroad and don’t repay them 4head
Only 25% of graduates will ever repay the loan in full according to government statistics.
You have to question –
what is the point of it in that case, why not just have free tuition?
Why are universities allowed to claim all this cash/charge people this amount if they aren’t creating wealth in the economy and giving graduates the means to command a salary commensurate with reimbursing the loan?
Personally – I want people studying arts and passion subjects that may not bring particular wealth, but brings a lot to society, the numbers overall just seem really off to me.
But won’t that investment be beneficial where one gets better job in life?
The government cutting off the flow of ideas, information, inventions, life saving discoveries, resources, and facts. This will end well.
The new loans with eye watering interest really do seem like a bit of a con job
The interest is insane. Total scam. There’s basically no point attempting to pay off more than the bare minimum unless you’re already rich enough to outstrip the interest, and by the end of the year you’re gonna have to be pretty fucking rich
It’s almost like university should be free or something, I dunno…
12 comments
Good. Way too many people are going…
Working as intended
So, working exactly as designed then?
That said, I have not made a dent in my loan and likely never will. It has amounted to a small graduate tax in the scheme of things, one I never even think about. It should not put off those who really want to go to uni and have a decent plan for what they wish to do once they graduate. If you are applying halfheartedly then it might be worth reconsidering and delaying applying for a year or two.
It’s difficult to see the long term potential of higher lifetime earnings with so much uncertainty about the future when you’re young and just getting by. I went back to school in my 40s to to finish a degree. It was a goal I’d had since my 20s. It paid off. A new field was flourishing which interested me and I got in at the right moment. There’s risks in everything and few things in life are truly calculable.
Just move abroad and don’t repay them 4head
Only 25% of graduates will ever repay the loan in full according to government statistics.
You have to question –
what is the point of it in that case, why not just have free tuition?
Why are universities allowed to claim all this cash/charge people this amount if they aren’t creating wealth in the economy and giving graduates the means to command a salary commensurate with reimbursing the loan?
Personally – I want people studying arts and passion subjects that may not bring particular wealth, but brings a lot to society, the numbers overall just seem really off to me.
But won’t that investment be beneficial where one gets better job in life?
The government cutting off the flow of ideas, information, inventions, life saving discoveries, resources, and facts. This will end well.
The new loans with eye watering interest really do seem like a bit of a con job
The interest is insane. Total scam. There’s basically no point attempting to pay off more than the bare minimum unless you’re already rich enough to outstrip the interest, and by the end of the year you’re gonna have to be pretty fucking rich
It’s almost like university should be free or something, I dunno…