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Gov spending review
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nickgusset  Shizzlehurst 26 Nov 15 4.29pm |
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George didn't mention this in his statement... Hidden retrospective hike in student loan repayments. There's talk of taking him to court over this! Martin Lewis, founder of MoneySavingExpert.com and former head of the Independent Taskforce on Student Finance Information, says: "This is a disgraceful move and a breach of trust by the Government that betrays a generation of students. It has chosen to freeze the repayment threshold even though 95% of the consultation responses did not support the freeze – what was the point of a consultation if when there's huge objection it does it anyway? "It is risking fundamentally threatening any trust people have in the student finance system. It is one thing to set up a system that is unpopular but it is entirely different to make retrospective changes that mean you cannot even rely on what you were promised at the time you started to study. Even though it was warned of the huge dangers of doing this, it’s still blundering ahead, ignoring all right thinking concern. "The fact that the Chancellor didn't even have the balls to put it in his Autumn Statement speech shows that he knew how unpopular it would be. If a commercial company made retrospective changes to their loan terms in this way they’d be slapped hard by the regulator – the Government shouldn’t be allowed to get away with it either. I wonder how many other things weren't mentioned. Edited by nickgusset (26 Nov 2015 4.30pm)
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 Holmesdale Nick South Croydon 26 Nov 15 4.41pm |
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Isn't that a good thing as it means students will have repaid their loans more quickly?
Fitter Fans Group 2. No. 17 |
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| nickgusset Shizzlehurst 26 Nov 15 4.44pm |
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Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
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| Stuk Top half 26 Nov 15 4.57pm |
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Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
No they won't, it's still 9% on any earnings above £21K. Heaven forbid people should actually repay their loans, or even some of them. If you leave the country with outstanding student loan debt you should have to pay it in full with the interest added.
Optimistic as ever |
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| Holmesdale Nick South Croydon 26 Nov 15 4.58pm |
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Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
Fitter Fans Group 2. No. 17 |
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| Hoof Hearted 27 Nov 15 9.55am | |
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Quote Holmesdale Nick at 26 Nov 2015 4.58pm
Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
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| DanH SW2 27 Nov 15 10.07am |
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Quote Stuk at 26 Nov 2015 4.57pm
Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
No they won't, it's still 9% on any earnings above £21K. Heaven forbid people should actually repay their loans, or even some of them. If you leave the country with outstanding student loan debt you should have to pay it in full with the interest added.
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| Hoof Hearted 27 Nov 15 10.26am | |
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Quote DanH at 27 Nov 2015 10.07am
Quote Stuk at 26 Nov 2015 4.57pm
Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
No they won't, it's still 9% on any earnings above £21K. Heaven forbid people should actually repay their loans, or even some of them. If you leave the country with outstanding student loan debt you should have to pay it in full with the interest added.
WE're pretty lax on recovering fines to foreigner owners of vehicles that break our motoring laws too. I doubt that we would recover one penny of any loans when the loanee has fled the country!
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| Stuk Top half 27 Nov 15 12.23pm |
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Quote DanH at 27 Nov 2015 10.07am
Quote Stuk at 26 Nov 2015 4.57pm
Quote nickgusset at 26 Nov 2015 4.44pm
Quote Holmesdale Nick at 26 Nov 2015 4.41pm
Isn't that a good thing as it means students will have repaid their loans more quickly?
No they won't, it's still 9% on any earnings above £21K. Heaven forbid people should actually repay their loans, or even some of them. If you leave the country with outstanding student loan debt you should have to pay it in full with the interest added.
Optimistic as ever |
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| nickgusset Shizzlehurst 27 Nov 15 12.38pm |
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14 years on I'm still paying my student loan off.!
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