Before getting all excited, wouldn't it be better to see if outcomes improved first? If you have your disability payments cut by a government review rather than a private company review you are still in the same position.
Poll: Poll: Prime Minister Theresa May calls General Election on June 8th
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Before getting all excited, wouldn't it be better to see if outcomes improved first? If you have your disability payments cut by a government review rather than a private company review you are still in the same position.
May is getting some stick because of this clip & some of it is quite entertaining
https://twitter.com/RossCrombie/status/857710963818156034
Really?
This is whats considered newsworthy?
Soldato
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http://www.bbc.co.uk/news/education-39736310?SThisFB
Wow conservatives just sneaked through more university fees. They're so awesome
Wow conservatives just sneaked through more university fees. They're so awesome
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Nothing new about this, the interest rate rise and the fee rise has been known for some time.
Personally I think the rate of interest on the loans is utterly insane, and shows the issues with the underlying repayment values, and 30 year write off for the loans.
Its a dirty black hole they are trying to fill in with stupid rates.
The fees might be appropriate, I don't know, but the manner of collection and repayment and rates is insane.
Over the repayment course of 30 years, a three year course fees will generate a debt of 175K if no repayments are made, tuition only, not maintenance.
System was flawed before they even brought it in.
Is income tax a debt too?
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The system is currently setup to automatically instigate a loan for tuition fees.
The loan only becomes payable, through tax contributions or PAYE after you earn a set amount.
Stacks of these loans are projected to never be paid off, thus the interest rate appears to now be set as a level to compensate.
This is bad business. generation of another tax disaster for later on is not a good thing.
Loans used to be base plus a bit, and repaid at lower values.
This is more acceptable as there is at least a chance everyone will pay some of the value of their education back.
If you can't pay your tax and contact HMRC, they'll do an installments loan system for you. The rate isn't over 6%.
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I'm retraining and when I finish the current academic year next month I will have 2 years of university left.
The fact that the increased interest rate will be more than double that of my mortage, and almost double the finance we have that pays for the car, makes me incredibly angry.
Comparing student loans (time limited repayments irrespective of amount and only repayable above a certain income level) with a normal loan that must be paid back in full in a fixed duration is either a massive critical thinking failure or wilful dishonesty...
Why? It was sold on the basis of a minimal interest rate. So when we go back to the old days of BOE set at 5% you are going to defend student loan rates increasing to 12% then?
Considering the rules normally used to set interest rates (relating to likelihood of repayment, default rates and so on) the interest rate is amazingly low.
Couple that with the very relaxed rules around repayment and write off, and the fact that most lenders don't treat student loans as debt (they only consider the affordability impact), and it is a very good deal provided you choose a good course and university.
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I disagree, if you choose a good course and university, then the loan term could be set much shorter, and repaid at a lower rate of initial earnings, and couple it with a lower interest rate.
The utter twaddle of a process we have now is due to the perceived massive amount of under or non-payment expected by the end of a thirty year rolling block.
Deal with the problem, not overcharge those who aim to succeed.
The utter twaddle of a process we have now is due to the perceived massive amount of under or non-payment expected by the end of a thirty year rolling block.
Deal with the problem, not overcharge those who aim to succeed.
The problem with dealing with the problem is that it involves telling probably half of students they can't go to university once you've sorted the courses out..
That won't work, there are mechanics in place to still claim it back.
I'm still waiting for your explanation for your attitude towards people with disabilities.
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