Buyers remorse after buying computer?

dirtydog said:
Bit of a no lose gamble though - either you get a well paid job and pay off the loan, or you don't get a well paid job and never have to pay it off. I don't think the general public can get a loan on those terms ;)
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Yes, but then equally, you wouldn' take out a loan to buy a new graphics card, which was the original point.

And in general you can't live on a job that's so poorly paid you don't have to pay back a student loan
 
Try selling your rig... no wait don't, it doesn't help.

I've got the "downsizers remorse". I miss my 22" Sammy screen, e8400 @ 4ghz, 4gb ram... waaaaaaah. Stupid laptop and 360.
 
dirtydog said:
What kind of stuff do you use it for, out of interest? You must have had some sort of reason to buy it? :)
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Yeah I'm permanently in the UK now after living in a few different countries every couple years, had laptops all that time cos I knew I might move again so didnt take the plunge

Got a desktop now because my laptop is from 2005 and its just hopeless for playing any new games or even playing hd video.

I just wish I'd spent all this money on a laptop instead of a desktop, still prefer them so much.
 
Streeteh said:
We've already pointed out that the student loans company actually turns out a profit. So surely the tax payer isn't paying for it as there's a return being made?
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Can the general public get a loan on such terms? Why not, if it is so allegedly profitable?
 
Strife212 said:
How do they make a profit, I don't understand, the loan goes up by the base rate of inflation?
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It doesn't, it's actually quite a bit more than inflation. I don't know where the idea that it is set at inflation comes from as many people (including myself) thought that. After actually getting a student loan and learning more of the system i've found it certainly isn't the case. It is however still quite a bit lower than a commercial loans interest rate.

dirtydog said:
Can the general public get a loan on such terms? Why not, if it is so allegedly profitable?
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I'm not a financial expert in any way but i would hazard a guess that if everyone had access to the loan system it just wouldn't be feasible. Students already have a large number of restrictions imposed on them to ensure that the money received is as close to what they 'need'. If everyone had access there simply wouldn't be enough money to go around basically.
 
Streeteh said:
Thing is the student loan company actually make money out of students. The interest rates are greater than inflation and therefore they actually make quite a bit of moolah out of each student by the time they've paid it off.
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AFAIK the student loan interest rate is calculated off the RPI in march ie it is inflation. Which handily is 0% from march last year to this year.
 
JaFFa said:
AFAIK the student loan interest rate is calculated off the RPI in march ie it is inflation. Which handily is 0% from march last year to this year.
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It's a bit more complex than that iirc, this article explains it pretty well:


http://blogs.thisismoney.co.uk/this...oan-interest-rate-decision-is-a-disgrace.html

[EDIT]

Also, i forgot to add, another little moneymaker they always put in the small print is that the interest you have to pay is calculated based on one point in the year. So for example, say i had a £1000 loan, but over the course of the year paid £800 worth of it, they would until the end of that year still charge me interest based on the £1000 i owed at the beginning of that year. It's cheeky as hell tbh and i only noticed it as my girlfriend (a graduate) will still being charged the same interest rate every month despite paying off the loan.
 
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Moses99p said:
It's not as though it allows students to develop coke habits, it covers the basics of living and allows people to concentrate on their studies, no?
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Nobody 'needs' a degree. If you want one, get a scholarship or, if you can't, fund it yourself.

At the least we should be giving taxpayer funding to people who achieved good grades at A level, whereas at the moment it is evidently a free for all.
 
dirtydog said:
At the least we should be giving taxpayer funding to people who achieved good grades at A level, whereas at the moment it is evidently a free for all.
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I'm going to hazard a guess that you didn't go to university?

And again, its not "tax payer funded" it turns a profit so its generating revenue for the tax man.
 
Moses99p said:
Hi there,
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Hi there :o

Seems an odd test - what if someone messes up their A levels, but then gets onto a law course that has a standard offer of AAA? Aren't they going to contribute quite a lot in the future, in terms of taxes?
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If they failed their A levels, why would they necessarily pass their degree course? Are you saying degrees are easy?
 
dirtydog said:
It is taxpayer subsidised. Do you dispute that? :)
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I don't know the intricacies of funding to the SLC, but since they charge a positive nominal interest rate, I would assume they are making money.

Did you attend/pass a degree course? :)
 
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