Student Loans Company Agressive Letter

Googled it. A kit car? Something to do i guess.. Better than Lego.

Do you buy the chassis then put your own engine in ? (they all seem to have Ford engines)

They are pretty cheap 2nd hand i thought they would be a lot more. Although i guess the fun is building it rather than owning.driving it ? I dunno, i'm not a driver.
 
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Yeah but everyone KNEW this anyway. You can naively ignore it and get on with your lives or rage about it. Its always been who you know, not what you know at the very top.

They say they prefer applicants with a more wider life experience and set of social skills. The kind of skills you get from School Skiing trips, Black tie dinners and Balls and fagging :P

You can throw thousands of pounds at your kids private education but if you still have no connections its a huge struggle.

and again that has got very little to do with the report, like the other poster - if you read the report it is talking about firms targeting top universities - that is the main factor, if you target top universities for recruitment then you'll get a disproportionate number of former private school pupils

the way that the graduate recruitment process works at a lot of firms means connections don't have as much of an effect as they might have done in the past
 
Googled it. A kit car? Something to do i guess.. Better than Lego.

Do you buy the chassis then put your own engine in ? (they all seem to have Ford engines)

They are pretty cheap 2nd hand i thought they would be a lot more. Although i guess the fun is building it rather than owning.driving it ? I dunno, i'm not a driver.

Yeah, I had a Sierra that I'd done up but the shell rotted away so used the running gear to build the Westfield. Engine is a 2.1 pinto with GSXR throttle bodies on a Megasquirt ecu - 180bhp.

chassis.jpg

621683_4835653687984_681189957_o.jpg

I did a build log but the site dissappeared when Be went to Sky - you can still see some of it on the web archive though but not all the links work:-

http://web.archive.org/web/20070706042913/http://www.amigafan2003.plus.com/

I did really enjoy building it but it also drives excellently and I'm out in it whenever I get the chance.

I have an AC Cobra kit in the workshop with a 2.9l V6 Cosworth engine on throttle bodies waiting to be built - just don't have the time to do so atm!
 
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well this has been an interesting read,


Definitely some valid objections but don't hate the student hate blair for making them all go to uni and making a degree worthless.

So many people with degrees doing jobs that people without degrees used to do.
 
Oh, and the SLC rep at the Uni open day practically begged me to take a loan out even though I said I'd likely never be in a position to pay it back.

Did you know the SLC reps that attend Uni's are agency staff and paid on a commision basis?
 
well this has been an interesting read,


Definitely some valid objections but don't hate the student hate blair for making them all go to uni and making a degree worthless.

So many people with degrees doing jobs that people without degrees used to do.

Sold people the dream, then threw them into the pits. American dream and all that...

How it always goes. Here do this degree you'll be guaranteed better paid work!

University is now nothing but a business and getting rich off of useless degrees.
 
Do you have any actual figures for the sentence in bold? The repayment threshold is pretty low, but it would be interesting to see how many graduates were below it.

Well, figures for that particular piece of information are hard to come by for free (IE behind pay walls).

But, if we go by the information the ONS offer, it would stand to reason many graduates are on NMW or not much above it:

Examples of non-graduate jobs include receptionists, sales assistants, many types of factory workers, care workers and home carers

It is a bit vague to be honest. The one piece of information I could find is from the HESA website (https://www.hesa.ac.uk/dox/dlhe_longitudinal/0809/tables/long_dlhe_0809_table_11b.xls). It plots the wages of people who graduated in 2008/2009 and shows what their median wage was by Q4 2012.

So it's a bit out of date but it shows the majority of graduates were earning above £21k (71.8%). However, when you look at the median salaries, they are mostly around 21-25k, some as low as 16k. As such their contributions to repaying their loan would be negligible and they are unlikely to ever repay it.

For example, someone earning £25k would be repaying around £30 a month. For a £45k debt, and given their wages remained the same it would take them 125 years to pay off (and that is excluding any interest charges).

Even for someone earning £35k, it would take over 35 years to repay their loan.

It also shows that close to 28% of all graduates were still not earning more than £21k three years after graduating.

The information out there does still show, in my opinion, that job opportunities for graduates are not great. Almost half of graduates doing low skilled work 6 months after graduation suggests jobs are in short supply, or that we are over educating and providing surplus graduates or graduates with degrees that are not attractive to employers in industries where we are seeing growth. The great Labour lie is coming home to roost for two generations of young people.
 
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OP has money to pay back loan but doesnt want to do that! Grateful for the loan but to hell with paying it back!
 
Oh, and the SLC rep at the Uni open day practically begged me to take a loan out even though I said I'd likely never be in a position to pay it back.

Did you know the SLC reps that attend Uni's are agency staff and paid on a commision basis?

this isn't true in any sense, considering nearly everyone is entitled to a loan and its all done online
 
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