To people that have finished university, and are paying off their loan...
- Thread starter Naffa
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Before, it gets written off after 25 years
don't notice it much tbh...
then again I don't have a mortgage or anything - live in a shared flat, have low bills, low rent, free meals at work during the week, free access to a gym etc...
basically only 1/5th of my salary goes on living expenses so a student loan re-payment is naff all to me I still have plenty left each month
then again I did computer science at a decent uni
politics at a former poly might be more risky - though if you've got a particular career in mind and think that degree will help you then you should still go for it - further education is never something to be sniffed at - also consider the OU if you're really struggling cash wise... do your degree in say 4-5 years part time while still earning + employers will respect the fact you're motivated to hold down a full time job and study
then again I don't have a mortgage or anything - live in a shared flat, have low bills, low rent, free meals at work during the week, free access to a gym etc...
basically only 1/5th of my salary goes on living expenses so a student loan re-payment is naff all to me I still have plenty left each month
then again I did computer science at a decent uni
politics at a former poly might be more risky - though if you've got a particular career in mind and think that degree will help you then you should still go for it - further education is never something to be sniffed at - also consider the OU if you're really struggling cash wise... do your degree in say 4-5 years part time while still earning + employers will respect the fact you're motivated to hold down a full time job and study
The way I see it, the necessity of a degree depends entirely on what subject area you want to get to work in. Some will require a BSc degree minimum, and some will have other routes you can go through to get there.
So basically, you don't *have* to go to university, it depends on what you're doing.
So basically, you don't *have* to go to university, it depends on what you're doing.
Qualification was a 2:2 BS/c hons computers and network engineering.
Job wise i'm an oracle DBA at the moment
I would add, if you want to do well in IT it's WELL worth getting an industry certification under your belt while your brains still wired for learning easilly. It's a proper slog for me at the moment (7 years out of uni). There's folks we see here around 23/24 earning same/more with something to backup their degree. IT's a pretty poor career path if you don't specialise.
Grab an oracle/microsoft/cisco/whatever cert early doors and you'll do VERY well. TBH if your relatively handy with the basics (hardware, a bit of networking and know your way around either windows or unix/linux) you COULD probably skip uni. It costs a bit more up front (generally around 2k) but the industry cert>degree. The degree just got me started after uni and gave a decent network of mates to help get a foot in the door at various jobs.
That's all with an IT slant tho, depends what you were planning to do.
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Not really pulling any leg other than his own really
Still 35 years or until your 65 isnt going to make to much of a difference, though a lot worse than the 15 he thought it was.I've got to say that I was never particularly troubled by the loan coming out every month.
It comes out of your salary directly so it's not really something you miss as long as you have enough to live on.
I was part of the first year group to have a student loan (started uni in 1998) and it used to be 9% on everything you earned over £10K, I think at one point I was paying near enough £250 per month on it.
Thankfully it's all gone now though, albeit after overpaying by over £2,000 due to the ineptness of the Student Loans Company.
It comes out of your salary directly so it's not really something you miss as long as you have enough to live on.
I was part of the first year group to have a student loan (started uni in 1998) and it used to be 9% on everything you earned over £10K, I think at one point I was paying near enough £250 per month on it.
Thankfully it's all gone now though, albeit after overpaying by over £2,000 due to the ineptness of the Student Loans Company.
You have a masters yet have never broken the threshold to pay it back? The threshold is £15kpa
If you read the post properly - it says working to SAVE UP to do a masters. I am taking the masters degree is starting this year.
I'm working throwaway jobs that are easy to walk away from while I am saving up and hopefully doing my masters.
Rich
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No, not in London, there is more to the country than London.
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Year 1:
I started on 18, up to 19 in 3 months.
That really didn't cover my living costs in Oxford.
Moved jobs, to 22, up to 23 in 3 months.
Year 2:
Yearly raise to 28. Plus another 5-10k worth of overtime n stuff.
Loan paid off.
Year 3:
Due an annual review next month.
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I think if you go to University in London, its best to work there as well. This is because you have paid the extortionate rent/living costs, so it is best to benefit from London wages.
IIRC, starting wage at the "big four" accountancy firms last year was around 37k
IIRC, starting wage at the "big four" accountancy firms last year was around 37k
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Does 20k cover your living costs?
But if you work in london you'll continue to pay the extortionate rent/living. So there's no gain. I dont work in london, and many of my friends dont. Industry jobs pay very well.
In regards to the Big4. If you're an auditor you'll only start on around 19-23k (most of their hires are). Obviously that rises. My friend works for EY in Financial Management, earns 28k. Its not as much as you'd think, unless there's been big changes over the last 2 years. I'd take industry over FS any day. It's only if you get the top grad jobs in mergers/transactions etc you get above 30k.
You most definitely should be looking at the banking sector for 35k+, or industry.
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Of course there's a gain. Otherwise nobody would bother living in London.