Apocalypse

[Pondlife]

Sockpuppet is already overflowing.

ewww

[PAH]

Student debt is a fallacy. I left uni with £8k in student loans, taken out of wages etc so not a bad debt to have.

If I can do it on that then most people should be able to. Wait...be a student and get a job....shock horror. I managed to pick up a 2:1, work, be busy with 2 student clubs (president of 1) and spend maybe 2 weekends a month away training with the TA.

Depends if they are on a course where there are plenty of good jobs available afterwards. I think those doing a degree in David Beckham may be a tad screwed.

http://news.bbc.co.uk/1/hi/education/694451.stm

Even with a good job, paying off 30 grand will take many many years. The programme was showing that it gives youngsters a mindset that lifelong debt is good, which may have been true if it was just the mortgage, but champagne lifestyles are a step off the cliff.

That reminds me, wasn't Lemmings a cracking video game.

[VectraMan]

“In this climate, property investors and homeowners need some financial respite.” A quarter-point cut could knock £30 a month off a £200,000 repayment mortgage.

If £30 per month is all that's keeping you above the poverty line, maybe it's time to give up the investment.

[Sockpuppet]

Sockpuppet is already overflowing.

With wisdom

[AlfredJPruffock]

MILLIONS of families were praying for a cut in interest rates today amid growing concern about turmoil in the property market.


Ye cannot serve both God and Mammon ...

Shoorly shum mishtake ?

[Ardesco]

Student debt is a fallacy. I left uni with £8k in student loans, taken out of wages etc so not a bad debt to have.

If I can do it on that then most people should be able to. Wait...be a student and get a job....shock horror. I managed to pick up a 2:1, work, be busy with 2 student clubs (president of 1) and spend maybe 2 weekends a month away training with the TA.

The problem is not so much the debt owed, it is the mindset it generates. Students are basically being told that £30,000 debt is something that is perfectly acceptable to have. With this mindset is it any wonder they then go out and blow another £20,000 on credit cards...

[Moscow Mule]

Student debt is a fallacy.

Is it? How long ago did you leave uni?

I had approx £9k when I left.

My brother who will embark on a degree next year can expect to have to pay that in fees alone.

Most people won't clear their student debt before they hit 30 - making the pool of potential first-time buyers much smaller (but that's another story).

[Platypus]

He got run over by a tank.

That solved his student loan problem anyway.