Politics General
- Shio hime
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Re: Politics General
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.
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.
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Re: Politics General
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.
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.
- Shio hime
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Re: Politics General
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.
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.
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- Quarg Ranger
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Re: Politics General
If you're not close to paying it all back, it's unlikely that you'll ever get there before write-off (and in some cases, you'll be paying /a lot/ more than the original fee, and still not finishing, because of ridiculous interest rates). But you'll be paying it as a higher and higher real percentage of your income, seeing as the payment cap and levels have been retroactively changed such that they no longer rise with inflation (that is, you start paying back at £21,000, however much £21,000 is worth in the future). This was a change made after students took effective contract with the government. But the basics is that everyone will be paying for a long time.
There are arguments as to the cost to taxpayer of removing the fees entirely (not all particularly well founded, in my view the economic and social benefits far outstrip the cost, and that a higher corporation tax means that companies benefiting from graduate training would be the ones paying for the training, but some are still made). The thing that concerns gets me is this thing about interest, and the long term plans to sell the debt to private companies. This means that the government has to pay more because it pays the interest on all the debt when it's written off, instead of paying the pre-inflation cost. This is a huge cost, and no-one seems to be talking about it, because it's like 30 years away.
So basically they're both paying the cost of the degree, and paying a bunch of private interests the equivalent of any unpaid interest on all student loans, and saying that it's cheaper than just paying the cost of the degree. Bonkers.
There are arguments as to the cost to taxpayer of removing the fees entirely (not all particularly well founded, in my view the economic and social benefits far outstrip the cost, and that a higher corporation tax means that companies benefiting from graduate training would be the ones paying for the training, but some are still made). The thing that concerns gets me is this thing about interest, and the long term plans to sell the debt to private companies. This means that the government has to pay more because it pays the interest on all the debt when it's written off, instead of paying the pre-inflation cost. This is a huge cost, and no-one seems to be talking about it, because it's like 30 years away.
So basically they're both paying the cost of the degree, and paying a bunch of private interests the equivalent of any unpaid interest on all student loans, and saying that it's cheaper than just paying the cost of the degree. Bonkers.

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- Kappa
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Re: Politics General
what do my fellow users think of the recent outcomes of brexit negotiations? 

- Shio hime
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- Met
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Re: Politics General
What's a brexit?

<Kaee> I think Met would give better sex than Hoyle
cruizer wrote:I didn't start writing this with the intention of speaking about veganism; but the link between animal explotiation and oppressed human groups is so obvious
- D.J
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Re: Politics General
A new type of cereal, tasty little squares with various country flags on.


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- Cruizer
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Re: Politics General
Well Catalunya got it. Did anyone see the courage of the Catalan independence vote? Pretty crazy events.
"soylent green is people"
- D.J
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- OrangeRakoon
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Re: Politics General
I don't think it was pointless, maybe now they can have an actual real vote and agree to stay
If they leave they'll be out the EU too though, so we could make our own trade deal! #Britalonia
If they leave they'll be out the EU too though, so we could make our own trade deal! #Britalonia
- pokemaniac212
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Re: Politics General
Really don't see them ever voting to stay after this. Before the violence at the weekend they probably would have done, but the Spanish authorities using force to try and stop the vote will only have turned people against staying part of Spain.
Not to say they'll leave of course, there's still no reason for Spain to let them hold a vote, but if they did I really don't see a result other than leaving.
Not to say they'll leave of course, there's still no reason for Spain to let them hold a vote, but if they did I really don't see a result other than leaving.

- RichardUK
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Re: Politics General
Not many things shock me and 99% of the time I am anti protesters and pro police but those people were peacefully voting in a referendum (regardless if it was illegal or not) and the way the Spanish police reacted was sickening


'Put on a proper suit, do up your tie and sing the national anthem'
- D.J
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Re: Politics General
Genuinely felt sorry for Mrs May yesterday, everything that could have gone wrong with that speech most certainly did.


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- OrangeRakoon
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- OrangeRakoon
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- D.J
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- Cruizer
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Re: Politics General
"soylent green is people"
- RichardUK
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Re: Politics General
there is no suggestion the Queen had any knowledge of the specific investments made on her behalf.


'Put on a proper suit, do up your tie and sing the national anthem'
- D.J
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Re: Politics General
http://metro.co.uk/2017/11/06/get-your- ... 8113/#mv-b
Almost certainly the most hideous christmas jumper i have ever seen.
Almost certainly the most hideous christmas jumper i have ever seen.


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- Kappa
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Re: Politics General
perfect, what idiot would actually want a good looking christmas jumper
- D.J
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Re: Politics General


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- RichardUK
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Re: Politics General
I can't see how the boarder issue is going to be resolved in Northern Ireland, the whole leaving the EU thing is a mess


'Put on a proper suit, do up your tie and sing the national anthem'
- Shio hime
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Re: Politics General
It's almost as if people should have thought about the implications before voting.


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