Hang on lets get this right, you took a student loan out (not a grant) and you have no intention of paying it back even though you have 40 grand in the bank
Student Loans Company Agressive Letter
- Thread starter FoxEye
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Hang on lets get this right, you took a student loan out (not a grant) and you have no intention of paying it back even though you have 40 grand in the bank
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You appear to be under the impression that it somehow diminishes you to be subsidised - I think the myth of the self-made man has quite a bit to answer for. Lots of people are fortunate to get some help from their families, friends, partners, whoever along the way and that is great - I'm fortunate in that my parents have helped me out where they can, I live with my girlfriend so we have two salaries coming in which helps etc but it's not being unfair to note that your situation is more advantageous and you have been able to save more because you live with your parents, that's a form of help.
You're trying to define subsidy in a narrow way when there are many ways that you can describe it. I don't think anyone is trying to tell you that it's wrong to have some help in this way but it does leave you in a better financial situation than you would be in were it not for pooling resources with your parents - naturally it comes with trade-offs as well such as having to live under the same roof but if you (and they) are comfortable with that then good for you all.
Maybe it was easier back in your (or my) parents day and there's a definite argument that previous generations have a lot to answer for in terms of the situation they've left regarding affordability of housing, increases in inequality, access to pensions etc but you're definitely right that it's another topic entirely.
I was at 16 years old. It was unbelievably hard (I was working under the YTS scheme earning £24 a week) but at 44, everything I have and own now was gained off my own work and was given nothing.
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Deleted member 66701
Deleted member 66701
I wont be paying any of mine back.
And I took the maximum available
Hang on lets get this right, you took a student loan out (not a grant) and you have no intention of paying it back even though you have 40 grand in the bank
Good on him.
I've got a £250k pension / landed investment portfolio but won't be paying any of the loan back as I'll ensure I always draw down less than £21k in my retirment (I'm currently drawing £18k a year).
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I wont be paying any of mine back.
And I took the maximum available
Good on him.
I've got a £250k pension / landed investment portfolio but won't be paying any of the loan back as I'll ensure I always draw down less than £21k in my retirment (I'm currently drawing £18k a year).
Why do you think it is acceptable to borrow money with no intention of paying it back?
He is paying it back exactly as the terms of the loan state.
Does anyone else find amigafan2003 and FoxEyes very open and public approach a little psychopathic ?
I mean what you are both saying is so far against the normal social convention. Playing the system in a very sly way.
It comes across as being a bit selfish. It was public tax money lent in good faith to enable an education to better yourself.
I'm playing devils advocate i guess.. I admire the way you can publicly stand up and say how much of a **** you are and not be phased by it.
I mean what you are both saying is so far against the normal social convention. Playing the system in a very sly way.
It comes across as being a bit selfish. It was public tax money lent in good faith to enable an education to better yourself.
I'm playing devils advocate i guess.. I admire the way you can publicly stand up and say how much of a **** you are and not be phased by it.
Most people are obliged to pay it back if they qualify to do so through PAYE. I think it would only be arguably morally dubious if you took the loan knowing you will never reach and would always avoiding reaching that threshold. Otherwise, I think the OP would be a fool to pay that back. Any failure is with the system.
Also, most (if not all) people I know who have bought a house have had help from their parents or family to do so. It's a fair achievement to do it yourself!
Also, most (if not all) people I know who have bought a house have had help from their parents or family to do so. It's a fair achievement to do it yourself!
Yeah but compared to London you live in the arse end of nowhere. I bet houses in your area are a fraction of what they are in London. I'm having a tough time even finding a place worth buying
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No, he plainly says he has no intention of paying it back.
I wont be paying any of mine back.
And I took the maximum available
Good on him.
I've got a £250k pension / landed investment portfolio but won't be paying any of the loan back as I'll ensure I always draw down less than £21k in my retirment (I'm currently drawing £18k a year).
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It's never free you fool, it's a question of who you are obligating to pay for it
Well, that's not necessary. It is clearly meant free at point of access and repaid either through a graduation tax or through existing taxation. I suspect the former would be much more widely accepted. The later can only happen if we get rid of pointless degrees.
With respect to Foxeye, he isn't working and he isn't earning enough in interest, so by the terms of the loan he doesn't have to pay anything at the moment. That is fair enough so long as he has the intention to pay it back when he is employed again.
Amigafan is a different case all together as he took out the maximum loan with the intention of not paying it back from the outset. That is fraudulent
back on trakc not sure if you know but what theyre after is just checking that you arnt making 15k from your savings a year not if you have enough to take back the loan they will take it all in one lump sum.
you arnt earinging more than 15k from interest so give them the info and update them when you get a job.
the letter has simply been badly worded.
Fees are a time limited graduate tax, where as a proper graduate tax would be for life. It is totally necessary as it is the fundamental point of who should be obligated to pay for an ever increasing amount of people to go into further education.
From what I can see it's actually only £2k in interest that you need to earn in order to then be charged. OP says he has the money earning no interest though, so yep I have no idea why he isn't just proving that in the easiest way possible - sending bank statements.
The attitude of the post wasn't necessary. I agree they are a time limited tax and am typically in favour of the current method of paying for further education, but this thread is definitely a good argument for a graduate tax.