![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Some do, some don't. Investing in an ISA for example carries no risk and even then the reward is greater than the money saved paying off the student loan.
Debt
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Some do, some don't. Investing in an ISA for example carries no risk and even then the reward is greater than the money saved paying off the student loan.
The government said it would be kept in line with inflation, IIRC the inflation rate is 2.1%. So much for promises...
[TW]Fox;10626329 said:
Not guaranteed (and instant access), no.
To be honest a large part of paying it off was the fact that I would have been coming to the end by around March/April time and I knew the SLC wouldn't let the Inland Revenue know in time for the end of the tax year and I'd have to carry on paying it next year as well before claiming it back!
It's too easy to get into debt these days, and people just seem to accept that large debts are the norm.
I've been at the lowest of the low regarding debt, and had to make some big sacrifices to sort it out. I'm now debt free, very stable with a good job, and very happy, but boy i've had some bad times over it.
To anyone that says 'it's your own fault', of course it is, but it takes very little for a debt situation to get out of control.
Now my wife and I take the approach that if we have the money in the bank, we can afford something, if not, we don't.
As someone has said, debt that is under control is fine, but a lot of young people I speak to just don't think it is as important as they should do. I think teaching kids in 6th form and college about the dangers of bad debt, and the impact it can have on their lives, is a good thing to do.
I've been at the lowest of the low regarding debt, and had to make some big sacrifices to sort it out. I'm now debt free, very stable with a good job, and very happy, but boy i've had some bad times over it.
To anyone that says 'it's your own fault', of course it is, but it takes very little for a debt situation to get out of control.
Now my wife and I take the approach that if we have the money in the bank, we can afford something, if not, we don't.
As someone has said, debt that is under control is fine, but a lot of young people I speak to just don't think it is as important as they should do. I think teaching kids in 6th form and college about the dangers of bad debt, and the impact it can have on their lives, is a good thing to do.
It's kept in line with the RPI. The government usually use the CPI in their targets as its usually a lower figure.
[TW]Fox;10626367 said:Well then thats slightly different to paying the whole thing off in one go isnt it
I suppose
4.8% after tax is still 8% gross if you're a 40% tax payer though and I really don't think you'll find a risk free, instant access way to get those sort of returns.
Even that is only claimed to be 4.2%...0.6% adds up when its £1000s over months and years.
The rate for Sep 07 - Aug 08 is taken from Mar 07's inflation figures.
In March RPI was indeed 4.8%, they're not doing it deliberately, it just so happens that this year we had high inflation figures in March.
Enough to make the post
what kind of masochist actually wishes that they owe money to people?
