Debt woes

[MrMarkyMark]

I left uni having made a profit

FTFY

then full summers of night shifts at the docks, with Andy W's Mum, between the other years. Obviously no fees back in the early 90s but no grants either.

[pr1]

I think people often forget that the publicised £6K or even £9K a year isn't "all inclusive".

I owed about £2K by the time I left university and that seemed scary at the time and that was with the government paying me to go.

It seems to me a graduate tax would be a better solution, or at least a less bad solution. Pay a slightly higher rate of income tax for the rest of your life in exchange for free further education and a grant.

That's exactly what it is, if you don't earn you don't pay - and you pay 9% of your earnings over 21k (now) - lots will never pay it off in their working life (and that's accounted for) - I read somewhere they only expect about 60p of every £1 loaned to get repaid

[VectraMan]

That's exactly what it is, if you don't earn you don't pay - and you pay 9% of your earnings over 21k (now) - lots will never pay it off in their working life (and that's accounted for) - I read somewhere they only expect about 60p of every £1 loaned to get repaid

Yes I know it amounts to the same thing, but calling it a debt is an overwhelmingly negative thing as you see from the reactions to people being £50K "in debt" by the time they're 21. Even if you never repay you still have that debt hanging over you.

[BrilloPad]

Yes I know it amounts to the same thing, but calling it a debt is an overwhelmingly negative thing as you see from the reactions to people being £50K "in debt" by the time they're 21. Even if you never repay you still have that debt hanging over you.

When you are 50 the debt is written off. So that is okay then.

[LondonManc]

When you are 50 the debt is written off. So that is okay then.

Can't wait to see how GB plc accounts for the first expirations in a couple of decades.

[scooterscot]

Was one of the lucky ones. Despite attending university twice (yes Monday and Tuesday) I never had to use a student loan. But then I remember in the summer I spent 3 months cutting grass for the council which I'd calculated up to my general allowance before tax and would use for accommodation during the semester whilst living with mother and how skint they were.

[SueEllen]

Anyone who bought in 1989 only had to wait until 1998 to have made their money back and 2003 to have doubled.

In London prices never went down.....

Prices did go down in London.

And if you have a growing family being stuck in a studio or one bed flat is hardly ideal.

[The_Equalizer]

Prices did go down in London.

And if you have a growing family being stuck in a studio or one bed flat is hardly ideal.

Surely no worse than paying X hundreds of thousands of pounds for a flat?

[SueEllen]

I left uni having made a profit by working a Saturday job in the first year then full summers of night shifts between the other years. Obviously no fees back in the early 90s but no grants either.

There were grants in the early 90s - if you didn't get one your parents were too rich, weren't divorced or self-employed.

BTW I know some of you only have siblings within a decade of your age and/or only hang out with people your own age - I don't.

[LondonManc]

There were grants in the early 90s - if you didn't get one your parents were too rich, weren't divorced or self-employed.

BTW I know some of you only have siblings within a decade of your age and/or only hang out with people your own age - I don't.

I'm not American - I don't hang out. HTHBIDI