450k x £9k = £4-6 million??
450k students X £9k tuition fees/year =
so your degree wasn't in maths then?
even if it was the outdated £3k/year fees, that still doesn't make sense
How did university work pre-UCAS and pre-tuition fees?
- Thread starter Zephyz
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450k x £9k = £4-6 million??
450k students X £9k tuition fees/year =
so your degree wasn't in maths then?
even if it was the outdated £3k/year fees, that still doesn't make sense
91 also - i thought it was UCAS?? maybe not, such a long time ago.
Deleted member 66701
Deleted member 66701
My SLC loan total will be approx £33k when I graduate. Oh, and for people starting my course next year, they have to pay £1.5k extra tuition fees!
I'm not bothered though, I'll never have to pay any of it back
I'd love to leave in profit, but as it stands my tuition, rent and overdrafts top £40,500.
Christ, those are scary numbers...
Associate
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Fact is, many of those going to Uni for degrees would be better off finding a job or doing a vocational course rather than just saddling themselves with huge debt for very little improvement in their employability.
The massive increase in places has undoubtedly devalued degrees in the eyes of employers. "Soft" degrees could be viewed as worse than no degree at all in some cases.
The massive increase in places has undoubtedly devalued degrees in the eyes of employers. "Soft" degrees could be viewed as worse than no degree at all in some cases.
Problem is a lot of employers ask for a degree as a way of filtering candidates, regardless of whether the role actually needs one. Creates a bit of a catch 22 scenario.
Deleted member 66701
Deleted member 66701
Yup - Hewlett Packard no longer take anyone on with less than a 2:1 degree, even if they have prev industry experience. HP have even been making existing "non-degree" staff redundant and replacing them with cheaper grads. IBM are almost as bad, think they only took on 10 non graduates in the UK last year.
Why are they scary? It's not like you'll ever get the baliffs knocking on the door to take your TV away becuase of it. The loan doesn't even show up on credit reports and if you have a bad year (maybe unemployed or sickness that reduces your income) they pause the repayments until you get above £21k p/a again.
I'm retired and I wont be drawing down anymore than £21k on my investments in any given year therefore I'll never have to pay the loan back anyway
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My sister and I went to uni in the 90s and it was definitely means tested by then; it was a bit bent really as having parents with a good income didn't necessarily mean you would be better supported at uni. What seemed even more unfair is you could have children from the same family getting different levels of support depending on when they started uni (I started in 1998, the first year they started phasing out grants so my sister got over £1k more support than me that year despite by definition us having identical family background).
Soldato
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Old monolithic tech companies without a shred of innovation in their blood line are not worth the time of day of anybody without a degree, let alone with one.
Deleted member 66701
Deleted member 66701
I know, that why I left HP after working for them for 15 yrs
Just a shame it took me 15yrs to figure it out.+1
My SLC loan total will be approx £33k when I graduate. Oh, and for people starting my course next year, they have to pay £1.5k extra tuition fees!
I'm not bothered though, I'll never have to pay any of it back
Mines not far off that as I did my undergraduate on the old scheme and my PGCE on the second scheme. With a teachers wage I'll never pay it all back at the rate they take it so it doesn't bother me in the slightest.
If you can't work out that it costs nothing up front and is a scaling, non default able loan after you graduate then possibly you aren't university material?
I went to University back in 1993 as a mature student (23 when I started) and I used to get £7.5K a years grant. I used to work most holidays as well, I think I had more disposal income when I was at Uni than I did when I had my first job
This pretty much, everyone looks at the headline figure and ***** their pants about it, if you're investing in your future it shouldn't really be that much of a problem, if you're going for a three year **** up; maybe you should re-evaluate the plan. Which is what I have seen, friends who studied stupid subjects giving them very little job prospects, spent the time ****ing it up the wall and spending their student loan on tattoo's, etc. and now either can't find a job or are working low skilled, low paid jobs they could have started after leaving school and would probably be higher up the career ladder by now.
Wish I could get just a general five figure unsecured loan, whose repayments are based on your income and subsequently only pay back £75 a month if you earn £27k. The repayments on the current loan I have don't reduce if my wages reduce, it also doesn't time out after a certain a amount of time leaving me liable to not have to pay it. The student loan system is probably one of the best ways of borrowing money possible.
Man of Honour
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Not forgetting the fact that the 450k figure (in December last year it was actually closer to 500k) is for new students coming into the system. You'd still be supporting those who are already in universities studying as well so the actual population of students you could reasonably expect to be around 3* that since as they point out the average English degree length is 3 years.
Mines not far off that as I did my undergraduate on the old scheme and my PGCE on the second scheme. With a teachers wage I'll never pay it all back at the rate they take it so it doesn't bother me in the slightest.
If you can't work out that it costs nothing up front and is a scaling, non default able loan after you graduate then possibly you aren't university material?
Logically it is almost certainly the most favourable loan you'll ever receive but I can see why for many people it isn't pleasant starting out in your career with a very large debt - that they will only have to pay it back under certain circumstances is fine but on an emotional level it's more difficult to address even if it's almost a "notional" debt until you start paying it off.
Put it this way I wouldn't particularly like it even though I can understand why such a loan isn't something you need to actively worry about in general terms. That said I'm quite glad I went through university when I did, I'm luckier than some with what I've got to pay back (thanks in part to the Scottish education system) but less lucky than others who graduated some years before me.
Not really. A job that doesn't require a degree in that specialised subject (or similar) does not require a degree. What has happened is the value of a degree has been eroded to the value of A Levels and you waste an extra 3 years for the benefit. If you really want to be depressed add up your lost earnings over those 3 years on top of your loans!