Politics General

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General Election 2017

Conservatives
7
13%
Labour
29
54%
Liberal Democrats
9
17%
UKIP
1
2%
SNP
3
6%
Plaid Cymru
0
No votes
Green Party
0
No votes
BNP
0
No votes
English Democrats
1
2%
DUP
0
No votes
Sinn Féin
1
2%
Ulster Unionist Party
0
No votes
Respect Party
0
No votes
Monster Raving Loony Party
0
No votes
The Pirate Party UK
1
2%
Independent
0
No votes
Conservatory Party
0
No votes
Other
1
2%
No One
1
2%
 
Total votes: 54

User avatar
Shio hime
Posts: 1905
Joined: Tue Dec 15, 2015 1:21 am

Re: Politics General

Post by Shio hime » Wed Jul 12, 2017 9:19 pm

Career progression continues beyond 40k dude.

Regardless my original point still stands. The money that left the government's pocket in the first place doesn't change. Any money that I pay back over what I would have paid back under the old system and they're quids in.
Only idiots
ride motorcycles.

barrybarryk
Posts: 1193
Joined: Mon Oct 20, 2014 6:38 pm

Re: Politics General

Post by barrybarryk » Wed Jul 12, 2017 9:29 pm

Shio hime wrote:
Wed Jul 12, 2017 9:19 pm
Career progression continues beyond 40k dude.
It sure does, but to pay back that loan you need to start at 40k day 1, and have above inflation pay rises every year for 30 years. Anything under those earnings doesn't cut it. That's why it's a total joke.
Shio hime wrote:
Wed Jul 12, 2017 9:19 pm
Regardless my original point still stands. The money that left the government's pocket in the first place doesn't change. Any money that I pay back over what I would have paid back under the old system and they're quids in.
It wasn't the rejigging of the interest and cap that gooseberry fool this all up, it was tripling tuition fees from 3k to 9k a year. Now the borrowed amount is implausibly large and just won't be paid back in the vast, vast majority of cases.

User avatar
Shio hime
Posts: 1905
Joined: Tue Dec 15, 2015 1:21 am

Re: Politics General

Post by Shio hime » Wed Jul 12, 2017 9:35 pm

No but the point is that the total sum of money being recuperated is higher because people that paid it off previously now don't.
People that never would have paid it off still do not.

Therefore the amount that re-enters the system is higher as the amount being paid by HEFCE teaching grants is much lower.
Increasing fees to 9k was something like a £760m saving to the original taxpayer and the only people it actually inconveniences are people that would have repaid the loans before they were increased.


I do however feel that it's important to note that the entire system is clearly gooseberry fool beyond all repair and desperately requires some attention.
Only idiots
ride motorcycles.

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