Independent Leyton Orient Forum

No great issue with tuition fees but a loan rate of 3% over RPI - what Dimwit came up with that.

Even more disturbing that the recent review seemed to find that acceptable!!!!

Impossible for a nurse to ever make any capital reduction in the loan during the course of her career.

Defies all logic.

Orient Punxx wrote: ↑Fri Jun 28, 2019 10:36 am
Impossible for a nurse to ever make any capital reduction in the loan during the course of her career.

Defies all logic.

It's almost as if they want people to be in debt permanently.

CreamofSumYungGai wrote: ↑Fri Jun 28, 2019 10:28 am

o-no wrote: ↑Fri Jun 28, 2019 10:26 am So the children who got sent to private schools by their parents should have to pay for uni once they're 18?

Agreed mate.

Really? Seems a bit harsh. Sounds like your punishing students who had no input into the schooling they got, for a decision someone else made. Not sure that's fair or practical.

o-no wrote: ↑Fri Jun 28, 2019 10:52 am

CreamofSumYungGai wrote: ↑Fri Jun 28, 2019 10:28 am

o-no wrote: ↑Fri Jun 28, 2019 10:26 am So the children who got sent to private schools by their parents should have to pay for uni once they're 18?

Agreed mate.

Really? Seems a bit harsh. Sounds like your punishing students who had no input into the schooling they got, for a decision someone else made. Not sure that's fair or practical.

My heart goes out to those poor, under-privileged kids.

If you want to study after 18 then you pay for it. Nothing in life is free. Don’t see the problem.

Beradogs wrote: ↑Fri Jun 28, 2019 10:59 am If you want to study after 18 then you pay for it. Nothing in life is free. Don’t see the problem.

Why 18? Why not make everyone pay from 5?

Because nothing in life is free apart from education for U18’s.

CreamofSumYungGai wrote: ↑Fri Jun 28, 2019 10:43 am

Orient Punxx wrote: ↑Fri Jun 28, 2019 10:36 am
Impossible for a nurse to ever make any capital reduction in the loan during the course of her career.

Defies all logic.

It's almost as if they want people to be in debt permanently.

No just 30 years. Then it is written off. You can pay back zero if you never earn over £25,725/annum for 30 years after graduating.
And if you do earn over £25,725/annum put the amount above that into a pension and potentially get basic rate tax relief + employers/employees NI rebate + not pay towards student loan.

The true debt belongs to the state . Come 2050 this will really bite hard at the finances when so much of the debt has to be wiped out.

https://www.ons.gov.uk/economy/governme ... 2018-12-17

Orient Punxx wrote: ↑Fri Jun 28, 2019 10:36 am No great issue with tuition fees but a loan rate of 3% over RPI - what f*** came up with that.

The rational behind that is to ensure very few ever pay it off. UK Gov don't want it paid off quickly. UK gov gets 9% of all graduate income over £25,750/annum. I am pretty certain that many graduates will pump money into their pensions, especially if they are higher rate tax payers. Those with rich parents would put up to £40k into the pension each year and supplement their income with early pre-death inheritance.

Beradogs wrote: ↑Fri Jun 28, 2019 1:11 pm Because nothing in life is free apart from education for U18’s.

RientO wrote: ↑Fri Jun 28, 2019 1:19 pm

Orient Punxx wrote: ↑Fri Jun 28, 2019 10:36 am No great issue with tuition fees but a loan rate of 3% over RPI - what f*** came up with that.

The rational behind that is to ensure very few ever pay it off. UK Gov don't want it paid off quickly. UK gov gets 9% of all graduate income over £25,750/annum. I am pretty certain that many graduates will pump money into their pensions, especially if they are higher rate tax payers. Those with rich parents would put up to £40k into the pension each year and supplement their income with early pre-death inheritance.

Those with rich parents won’t have any debt.

CreamofSumYungGai wrote: ↑Fri Jun 28, 2019 1:47 pm Those with rich parents won’t have any debt.

No - those with rich parents won't pay any of the debt. If I had £70K in my pocket when my son graduated, the worst thing I could do would be to pay the debt. In all likelihood his payments over 30 years would be less than the growth of £70K in an ISA or pension.

Thor wrote: ↑Fri Jun 28, 2019 9:19 am
I’m not an expert on this so please help me out here.

How is it more people from poor backgrounds go to uni when fees are charged as against hardly anyone when it’s free? I don’t get it.

Plus I’ve not read or seen any massive increase in building works at universities, although it may of course be happening, just not reported.

There has been a massive increase in student numbers, a policy starting from the time of the Blair government (Education, Education, Education) - that's why more people from poor backgrounds can go (also partly because their other options are limited, less apprenticeships etc).

The increase in student numbers has resulted in large-scale building programmes for both accommodation and teaching space at lots of universities. Believe it or not these are often funded by commercial borrowing against the income from student fees - universities now receive no government money for buildings, maintenance or anything, except for research grants from national agencies. Its now so competitive that unis have to have smart buildings, give out laptops when you sign up for a course etc to attract enough students.

My Niece did a law degree in Dundee.

Didnt pay a penny in Uni fees as it all gets covered by the State as long as you apply annually.

CreamofSumYungGai wrote: ↑Fri Jun 28, 2019 10:43 am

Orient Punxx wrote: ↑Fri Jun 28, 2019 10:36 am
Impossible for a nurse to ever make any capital reduction in the loan during the course of her career.

Defies all logic.

It's almost as if they want people to be in debt permanently.

They do, I hope you’ve not just worked that bit out.

A high percentage of graduates finish up doing a job for which their degree is of no use. Add to that the "Gap year" further delaying the evil day when they will have to start working for their keep and it is hard to feel sympathy for all of them.

Forty-Niner wrote: ↑Thu Jul 18, 2019 4:34 pm A high percentage of graduates finish up doing a job for which their degree is of no use. Add to that the "Gap year" further delaying the evil day when they will have to start working for their keep and it is hard to feel sympathy for all of them.

How dare people try to better themselves by completing further education and experiencing different cultures.

It makes you sick don’t it!

As for the guy up there who said that over 18s should pay for uni because nothing is free...literally university was free not too long ago.

It’s incredible how out of touch some members of the older generation are.

Constantly bashing younger people as being “entitled” whilst conveniently glossing over the fact that they had access to the very benefits which young people no longer have.

tuffers#1 wrote: ↑Fri Jun 28, 2019 5:32 pm My Niece did a law degree in Dundee.

Didnt pay a penny in Uni fees as it all gets covered by the State as long as you apply annually.

Credit to the SNP then - wee Nicola has got it right.

Forty-Niner wrote: ↑Thu Jul 18, 2019 4:34 pm A high percentage of graduates finish up doing a job for which their degree is of no use. Add to that the "Gap year" further delaying the evil day when they will have to start working for their keep and it is hard to feel sympathy for all of them.

The first sentence is true, but most of the jobs they get after graduating won't consider applicants without a University degree