I certainly never regretted uni but there are a lot of worthless qualifications out there and in many areas the peiople have no hope of a job in the area they qualify in.

The harsh reality now is that a degree doesnt get you a good job but not having one can very easily stop you getting one...

Unis a good laugh and if you can manage to not financially wreck yourself doing it its a hell of a nice lifestyle.

Quote from: SteveF

you can manage to not financially wreck yourself doing it its a hell of a nice lifestyle.

Government are doing alot to support students financially now...as part of the trying to get 50% as graduates.

Tell that to my 20 grand of debt.

Tell that to my 20 grand of debt.

Yeah but no one is forced to get 20k into debt on a standard 3/4 year course - at least not under the 1k per year tuition fees.

Post grad I guess is prob different so I assume that is where your 20k has come from?

Quote from: Dj-Liam-G

Tell that to my 20 grand of debt.

Yeah but no one is forced to get 20k into debt on a standard 3/4 year course - at least not under the 1k per year tuition fees.

Post grad I guess is prob different so I assume that is where your 20k has come from?

20k is perfectly possible in London.

On a 4 year course taking the maximum loan of a little over £5000 a year, theres 20k for starters. Then add on £1k a year in the old system or £3k a year in the new system for tuition. (though I believe in the old system it is assumed that your parents will be paying for your fees).

Then consider the fact that your loan will barely cover your rent and that even with working part time you will max out at least your 1st overdraft and suddenly 20k doesnt seem all that impossible.

yeah if you go to london and if you do a 4 year course....

for students not going to london & doing a standard 3 year course there is no need to get into that much debt. (or at least wasnt - probably will be the norm with the 3k topup fees though).

Under the new system:

Its taken at source (so that you never actaully see it going out)

In the talk we had she said it was somthing like for £20k is £5 a week

If you stop earning more than £15k (or somthing like that) repayments stop

If youve been unable to pay it back in 10 years they wipe the debt out.

And you never pay any interest.



I dont know how much that differs from the old system tho.

sounds a bit dodgy to me

not paying any interest? - Im paying interest on mine (though it is pegged to inflation so in real terms Im basically paying back what I owe)

What do you mean by 5 quid per week for 20k - are you talking about the interest or repayments - youd never pay of a 20k loan in your life time at 5k per week btw...

Also they wipe it out after 10 years? are you sure about that or is that just for people who havent been able to make any payments at all?

You pay inline with inflation I think, but its still not interest in that you dont pay back anymore than you borrow.

With £5 a week Im talking about repayments...I cant remember what the £5 figure went exactly with...the ammount you pay per week it linked to what your earning...it was somthing like if youre on £20k (possibly less) you pay £5 a week