Ending world poverty

Didn't I hear somewhere that the government is selling off all it's loans to a private company, for tham to collect?

 

If so that means the company controls the terms and conditions such as interest rate etc.

 

As for paying it back, a £50k loan is a £50k, no matter how you look at it. Add to that a mortgage, saving for a pension, insurances etc and I don't know how kids will manage.

 

I've heard the number of British kids going to university is dropping. I understand a lot of university places are going to overseas students. That's what's keeping the numbers up. At a time when we need to compete in the world, particularly in advanced technologies, I would have thought the more talent we can nurture the better.

Sheffield is awash with very well off Chinese students at the moment!

They don't start paying back until they earn 16K a year, and what they pay back on a low-median income is a tiny amount each month.

..........

Current students will start repayment when earning over £21,000.

If you choose only to repay the minimum, current calculators suggest you will be paying back around £65,000 on a loan of £27,000.

Current students will start repayment when earning over £21,000.

 

If you choose only to repay the minimum, current calculators suggest you will be paying back around £65,000 on a loan of £27,000.

According to this.

http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678490&_dad=portal&_schema=PORTAL

Someone earning £21,000 would have to pay £30 a month, so unless they live for another 180 years they won't be paying £65,000.

You repay your loans back at a rate of 9% of your income over £21,000. So if your salary is £25,000 a year, you pay 9% of £4,000, which is £6.92 a week.

According to this.

http://www.loadacrap.com...........

Yeh?

Perhaps you should try looking for more reputable sources of information.

Sheffield is awash with very well off Chinese students at the moment!

And it seems education that you pay for is being geared towards them, and not just at university.

How long before we lack schools for people born here that are free to attend.

I'm not too keen on the Chinese immigration, it seems like SY folk are being marketed as cheap servants to overseas middle/upper classes.

---------- Post added 07-10-2014 at 20:59 ----------

 

[/color]The 14th richest country in the world and we have food banks? Something is deffo wrong.

Aye. And there is nothing wrong with us having foodbanks.

What is wrong is the sheer amount of people who are relying on them.