chakademus
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Yeah welfare greatly reduced since 2011/12. Most people on benefits are contributing towards CT & rent in the private sector. ---------- Post added 22-08-2018 at 12:13 ---------- Which circles back to original point, low & middle incomes are disproportionately impacted by taxation & stealth tax. A cut is effectively "tax".
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Incorrect 30 years. And those graduating 2000 to 2012 how much they paying back? ---------- Post added 22-08-2018 at 11:24 ---------- Average wage in Sheffield is £18k. ---------- Post added 22-08-2018 at 11:25 ---------- Cos students take out a maintenance loan, they don't work full time. ---------- Post added 22-08-2018 at 11:26 ---------- On a masters upwards you might not work at all. ---------- Post added 22-08-2018 at 11:29 ---------- It's still a debt that's deducted automatically. Unless self employed or on low wage can't escape paying.
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Yeah I do, the student is basically in debt over life time as interest rates are so high. You wrongly seem to think its not a debt that is repaid. ---------- Post added 22-08-2018 at 09:07 ---------- The vast majority aren't even on 25000 threshold plan. Millions been paying back at 15000 then 18000, it recently went up to 19000 summat. ---------- Post added 22-08-2018 at 09:08 ---------- The only reasons debt doesn't get repaid 100% of applicants is wages are so low & humans simply run out of working life!!! ---------- Post added 22-08-2018 at 09:17 ---------- Simple maths test: Student graduates 2018.On a £30000 average salary with a £50000 student debt @ 7% interest. a) how much loan is the student paying back every year net? b) how many years will it take to pay back loan?
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Recent empty shops, Abbeydale Raod
chakademus replied to gamezone07's topic in Sheffield News & Discussions
Pickles closed down sadly. -
The Labour Party. All discussion here please
chakademus replied to mort's topic in General Discussions
The mainstream media is owned by tax dodgers with a lot to lose. Social media is a platform where at least the truth gets through & people can find out what Corbyn believes. The under 50s voted Labour 2 to 1 over conservatives btw, not just about free tuition fees. -
Made £1.3 billion profit last year, don't pay pilots or staff properly & cheques bounce https://www.bbc.co.uk/news/uk-england-45262871
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So what about the millions of students lumbered with debt on £18000 threshold?? It doesn't automatically jump to 25 grand. ---------- Post added 22-08-2018 at 07:39 ---------- And do you know how high interest rates are? Guessing probably not.
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Recent empty shops, Abbeydale Raod
chakademus replied to gamezone07's topic in Sheffield News & Discussions
Costs are going up, interest rates & mortgages just went up, wages aren't going up much, expect more closures tbh.