L’importo sbalorditivo laureati deve nel debito del prestito studentesco
https://www.independent.co.uk/bulletin/news/student-loan-finance-debt-uk-b2822295.html
di tylerthe-theatre
L’importo sbalorditivo laureati deve nel debito del prestito studentesco
https://www.independent.co.uk/bulletin/news/student-loan-finance-debt-uk-b2822295.html
di tylerthe-theatre
28 commenti
Not well off kids just poor and middle-class kids who then have to spend years and years saving for a deposit for a rubbish flat on top of paying off the interest on the loan.
The weird ambition to get ALL young adults of to Uni at 18 to get massively into debt before they had even starred their working life seemed very very odd to me.
It’s effectively a graduate tax, most people will never repay it.
Perhaps I’m supposed to be more pessimistic, but as someone who spent 5 years at university for my profession and will most likely never be able to pay back the loan, I just view it as a tax on earnings until it expires. I don’t lose any sleep over it.
I abuse Salary Sacrifice mechanisms to avoid paying it. My net worth trajectory is absolutely mental and I’m not even 30 yet.
Gov can get fucked lol.
I’m never gonna be able to pay mine off unless I somehow get a job where I’m earning £100k per year. It’s basically a graduate tax at this point
The system is rigged so unless you’re somehow fortunate enough to be able to afford to, you’ll never pay it off.
The interest starts piling up immediately. So when you do starte earning enough to pay it back the loan amount is far higher than you borrowed. Then the default payments are far lower than the interest.
People would call you crazy if you got a loan from a bank and treated it in the same way. Ignoring it for years to let the interest pile up then paying it off at a lower amount each month than it’s going up by
I paid £4.2K to my student loan last year, during that time the interest added was £4.8K… So I actually owe more than I did at the start of the year. It’s crazy, I make a very good salary and still don’t pay it off
I’ve come to view it as a 9% tax that applies to earnings above ~£25k and is applicable to those born after 1985 who went to University and didn’t have rich parents.
It takes the piss to be honest. I’m not a free university education advocate but it does rankle to know that we are effectively paying 9% more tax than the generation above whilst also having to deal with huge mortgage and rent costs from an out of control housing market.
It’s why I can’t sympathise with WASPI women and Pensioners.
I think student debt should be written off for those undertaking nursing/medical related, engineering, pharmaceutical, teaching or any other degree desirable to support national infrastructure etc and subject to minimum terms working within those organisations in UK.
I earn above the median wage yet there’s still no way for me to pay off my student loan. The interest is just way too high.
That said I never expected to pay it off when I went – I just viewed it, and still view it, as a graduate tax.
It’d be nice to not have to pay it, but that applies to any tax.
I have tipped into higher rate tax this year and realised student loan effectively means a non graduate gets to take home circa £2.5k a year more than me before they start paying 40% tax.
It’s never meant to be paid off.
It’s a tax on being educated.
2030 is the year the write off for student loans starts.
You better hope that pension funds have it under control or everyone who has a pension fund invested in debt will find that debt is worth fuck all, and suddenly, they can’t afford to retire.
I think the real problem is that the government has overestimated how much will be repaid. With wages so stagnant there’s going to be a crunch where the gap between projected and actual repayments causes big problems.
“The interest rates for plan 2 and 3 loans are higher than for other plans because they include a “real interest rate” of up to 3%. This is added to the loan on top of the rate of RPI inflation.”
First it was free
Then it was a few thousand
Then it was 9 thousand and RPI + 3%
I wonder why amounts owed are high?
Personally, I have been paying mine back since I graduated but I owe more now than I did then.
I used to work as an academic, I think the other side of this people see a lot less of is that students are taking on all this debt… And it still isn’t anywhere close to enough to then keep universities solvent.
So… Anyone want to take a punt… What actually was the purpose of all these reforms back in 2010/11? Its pushed students into absurd levels of debt they can never repay, its pushed universities to a point where they can hardly afford to actually function, and then longer term its kind of hard to see how this is saving the state money if we still have to cover all this unpaid debt plus all the interest its accrued when it hits the write-off point.
So we’re 15 years down this line and… Why? What for?
I’m not being flippant, I’m deadly serious, we’ve taken one of this country’s last great remaining world-renown industries and basically decided to just totally fuck it for a length of time that is rapidly approaching a full generation… For what?
The interest is what really kills it, I worked 7 years as a teacher, ending up in the penultimate pay bracket before leadership, and I think there was only 1 year out of 7 that I paid more than the interest on the loan.
Absolutely pointless for most people to ever think that it might be repaid, which is immensely foolish as it then incentivises trying to avoid paying it as much as possible (not as much for PAYE, but for self-employed etc. there are options).
One of the worst parts about these plan 2 loans has been the overseas repayment. It’s a total mess with regard to minimum repayment thresholds and exchange rates.
I was on the old style (2003 loan). I paid mine off in full a few years back.
My wife is on one of the new style ones and has barely made a dent in it over a similar time frame. In fact the interest added early days massively eclipses what she’s paid off since!
It’s weird how different things can be just by virtue of going to uni a couple of years later.
After working for 10 years at a decently high paying job I recently looked at how much my student loan went down and it turns out it actually went up because interest outpaced my payments.
That shit isn’t getting paid off ever.
The staggering amount of interest that is being charged to bring the numbers up
Why do governments put young people in debt by allowing them to take out huge loans for degrees that will never help pay it back? Nearly every liberal arts degree is trash in the real world.
I did one year in interior architecture and came out with £16k debt covid hit half way through that year so I only went in for half a year. 6 years on the debt is £22k and that’s with monthly repayments been made already
Honestly, there needs to be some government intervention to stop this debt from spiralling out.
It’s not just the issue of outstanding loans, but the fact that salaries haven’t risen enough to even warrant higher education nowadays. Why take out 30-60-100k that will be on your neck for decades, dragging you down, when you could get the same pay or even more with a trade and a bit of apprenticeship here, a certification or two there?
The UK already has an issue of not enough people with higher education to fill a number of positions, and this will further exacerbate the problem by scaring people away from universities.
It’s high time that these predatory loans get rectified – maximalise the profit the loan-giver can make per loan, for example. It’s not that hard, and banks really can’t complain if they get to make 50% profit on an investment over 10-15 years. Also maximise interest rates beyond the max profit, as to incentivise higher earners to pay them back quicker.
I really don’t see why it should be acceptable to saddle the working class with a never-ending loan that they _have_ to get to get their education, when the wealthy can get around it and be burden-free afterwards. It’s just another scheme to keep the poor, poor.
we should scrap student loans and just have a progressive graduate tax.
that way, rich graduates can’t just pay it all off, we raise more money for the unis etc. I dont know why people dont discuss this more… oh wait, yes I do.
My immediate family combined owes more than the value of the house we rent. It’s ok instead of paying it back we’re paying a combined total of 3.2k a month rent on 4 households
I’m just happy to be in the few year bracket where it was capped to £3k and gets written off after 25 years.
My wife graduated 2 years before me and it’s 65 for her. My sister graduated 5 years after me and ended up with £50k vs my £20k.
I left Uni with a balance of £45,000. I went straight into a job seven years ago and started paying it back.
The balance today is £51,000.