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20 Kommentare
„Student loan system is fair“ says Chancellor who went to university without having to pay any tuition fees.
„Freebies for meee, but not for theee“ is Starmer and Reeves‘ mantra.
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Prehaps we could withdraw some funding for the unemployed and foriegn nationals and have free university instead?
It punishes success and ambition – Rachel from accounts proving why she has that nickname.
Then cancel and or forgive student loans you bitch. Plan 1 repayments are a fucking shot to the kneecap.
I was incredibly lucky to be the very last year that loans were at £3k a year. When I talk to friends and colleagues who went after, it sounds fucking bleak
Easy for her to say when she benefited from university either being free or very low costing.
I remember when the 9k threshold was brought in and we were told there would be competition and only the genuinely world leading institutions would be charging the top whack… And then everywhere from Oxford to Brunel charged the maximum.
I’m on north of £75k and only tickling the principle. God knows what you need to be earning to pay it off before it expires.
Just wait for private equity to get their hands on the student loans and then 🚀
If I was actually compliant I’d likely pay back £200k-250k over the next couple of decades.
I’d hardly call that fair, but fuck me for actually doing alright I suppose. No thanks to my degree might I add, which isn’t their fault but just before the „you’re only where you are because of uni“ crowd weigh in.
If it was actually fair I’d happily pay, but 4-6x what I borrowed is absurd so they can get fucked.
Infuriates me
“So if you are able to get a job that pays a good wage, you’ll pay that money back”
Well no shit, but the amount you have to earn to actually beat the huge interest rate is nuts.
„Around half of people go to university today, but half don’t. And it is not right that people who don’t go to university are having to bear all the cost for others to do so.“
Absolutely ridiculous argument. Should we just not bother with university all together then, it forms a part of the investment for the collective good of society. The UK will fall behind without it. Not to mention the disincentive for doctors and other professions that require higher education.
Are universities are one of the last remaining great things about the UK, let’s make sure we can keep that up and enable our citizens from all economic backgrounds to go, dependent on their ability.
I don’t really see why any student loan should have an interest element if it is provided by the government. Additionally why index to RPI? When the government debt is measured we adjust it to CPIH, RPI is usually higher than this.
From a BBC article from 2019:
‚Gordon Marsden, Labour’s shadow minister for higher education, said the report showed that the combination of „eye-watering tuition fees and huge interest payments is unfair and unsustainable“.‘
Why the change in position, Chancellor?
She’s clearly trying to make sure no one under 35 ever votes for them.
Labour really are trying their best to lose the next GE arent they?
So the Tory Lite who went to University for free says the current system of usury and extortion is fair.
It should be paid for through general taxation on everyone, just like everything else.
„Around half of people go to university today, but half don’t. And it is not right that people who don’t go to university are having to bear all the cost for others to do so.“ There is a point here. Would all those piling in to critcise be happy to pay more tax instead to cover the cost of student tuition? Will the non-graduates be happy to pay more to subsidise the better opportunities that graduates will have?
Every single time the government tells you it s „fair“ you are 100% being shafted.
I started with a £48k student loan when I left Uni 8 years ago.
I started a job straight out of uni on £26k a year.
I’ve had a few promotions over that time am on just over £50k a year now, this months payslip before tax was £5597 and I had £290 taken for student loans. This is higher than normal because of night shifts over the Xmas period.
I checked my student loan just now and its on £59k.
I’m doing quite well after university and there is 0% chance of me paying this off. I don’t understand how much you would have to be on to actually stand a chance