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Im-a-Ridah |
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Im-a-Ridah World Chat Champion
Joined: 20 Oct 2006 Karma :
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Posted: 00:31 - 16 Aug 2017 Post subject: Tuition fees interest go up to 6.1% for Brits |
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That should help pay for the 700 free places given to foreign students, by the British government, every year.... with your tax money
The significance of the Chevening scholarship scheme rests on its large scope – approximately 700 scholarships are awarded each year to students from more than 110 countries, allowing students from developing countries to access British tertiary education institutions, some of which are of a very high standard as determined by international rankings.[4] In this way the Chevening scheme is more similar to the US Fulbright Scholarships which bring students from 140 countries to the US [5] and differs from the Rhodes Scholarship scheme which currently allows applications from approximately 18 countries.[6] Winners of Chevening scholarships often receive coverage in national and local newspapers.[7][8][9]
Applications are made online via a web portal[11] in October of each year, except for some sponsored scholarships for which applicants apply via the co-sponsoring organisation. Scholarship applicants also apply directly to their preferred universities in the UK, usually for Master's degree courses. Most scholarships include a living stipend, airfares and the full or partial cost of tuition fees.
The most popular destinations for study in 2011 were the London School of Economics & Political Science, University College London, and the Universities of Oxford, Cambridge, Edinburgh, University of Nottingham, University of Bath and King's College London.[1]
There are an estimated 45,000 Chevening Scholarship alumni!
https://en.wikipedia.org/wiki/Chevening_Scholarship
The government managed to keep that little gem quiet didn't they?
The government could give your kids free education and pay their living costs, but they would rather give it to foreigners. Remember that when your local MP knocks and asks if you'll be voting for them. |
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Lord Percy |
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Lord Percy World Chat Champion
Joined: 03 Aug 2012 Karma :
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Posted: 01:51 - 16 Aug 2017 Post subject: |
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It's strategic.
The only reason I'm living and working in China now is because their government gave me a full free scholarship for a year. It gets me and many others speaking and interested in Chinese, many of whom will go on to do international business stuff between their home country and China. The same goes for the Chevening stuff, where the brightest and best from around the world will be part-indoctrinated by the UK and thus may act as a benefit for the nation at some later date. In fact that's the whole reason for foreign aid and giveaways in general - it opens, creates and/or maintains new markets with which to do business.
6.1% rise in tuition fee interest however is a farce. Got any source for that news? Pretty sure it renders the contract void, because I certainly never agreed to a change in terms. This isn't the first time it's happened either. Oh but the SLC is a government body so they can do what they want? . I suspect they know full well that the majority of loans aren't going to be paid back anyway. Might as well do a Corbyn and accept that the taxpayer will have to take it on the chin somehow. Better to get it properly costed in the budget than to retroactively slap an interest rate on loans that still might not even be paid back. They're cooking the books, basically. More total idiocy from the Tory accounting team. |
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Mawsley |
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Mawsley Traffic Copper
Joined: 07 Apr 2016 Karma :
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Posted: 07:22 - 16 Aug 2017 Post subject: Re: Tuition fees interest go up to 6.1% for Brits |
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Im-a-Ridah wrote: |
The government managed to keep that little gem quiet didn't they? |
You not knowing about it is more a reflection on your inability to qualify for it. Maybe if you'd been brighter you'd have discovered the world of bursaries and awards. |
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Rogerborg |
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Rogerborg nimbA
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Lord Percy |
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Lord Percy World Chat Champion
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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Posted: 09:54 - 16 Aug 2017 Post subject: |
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I got bored with the propaganda on Radio 2 in the car yesterday, so had a switch to Radio 4 for a bit.
The topic was student loans and how many students don't treat it as real money or a real debt.
The student they had on, seemed to think it was the norm to never pay it back and had ran up £45K so far. It also seems a lot rarer now, for students to work part time to help pay for their existence.
Half are too thick to realise it's a real debt, which when they earn over a certain amount, they'll have to pay pack, unless they piss off to China China China to stitch up the tax payer or Corbyn gets in and keeps his vote catching lie.
The naivety of some of the callers was frightening. They had no understanding of budgeting or the value of money. The student loan is seen like some sort of never never credit card. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
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Lord Percy |
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Lord Percy World Chat Champion
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Im-a-Ridah |
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Im-a-Ridah World Chat Champion
Joined: 20 Oct 2006 Karma :
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Posted: 13:15 - 16 Aug 2017 Post subject: |
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Mawsley wrote: |
You not knowing about it is more a reflection on your inability to qualify for it. Maybe if you'd been brighter you'd have discovered the world of bursaries and awards. |
I do know about them, I'm the opening poster. For someone judging intelligence, you don't see to have much of it.
More interesting though is that you are angered by my spreading the word about how this money is being spent, which suggests I'm doing the right thing. Thanks for the validation!
The best way to get free stuff in Britain is to be an ethnic minority (London ethnic majority), female and a 'fugee.
Lord Percy wrote: | It's strategic.
The only reason I'm living and working in China now is because their government gave me a full free scholarship for a year. It gets me and many others speaking and interested in Chinese, many of whom will go on to do international business stuff between their home country and China. The same goes for the Chevening stuff, where the brightest and best from around the world will be part-indoctrinated by the UK and thus may act as a benefit for the nation at some later date. In fact that's the whole reason for foreign aid and giveaways in general - it opens, creates and/or maintains new markets with which to do business.
6.1% rise in tuition fee interest however is a farce. Got any source for that news? Pretty sure it renders the contract void, because I certainly never agreed to a change in terms. This isn't the first time it's happened either. Oh but the SLC is a government body so they can do what they want? . I suspect they know full well that the majority of loans aren't going to be paid back anyway. Might as well do a Corbyn and accept that the taxpayer will have to take it on the chin somehow. Better to get it properly costed in the budget than to retroactively slap an interest rate on loans that still might not even be paid back. They're cooking the books, basically. More total idiocy from the Tory accounting team. |
Unlikely to be any benefit for most Brits. Actually they are likely to lose out as the "trade" is likely to be the outsourcing of their job. Benefiting Britain and British people is generally the last item on the list as we see it's Londoners, migrants and refugees that take priority for the government (see Grenfell Giveaway, DfID). It's taxpayers money so the benefit must be to the average Brit.
As for the interest rise, this is going to really hurt the economy long term as it effectively hikes up taxes on the younger generation who are also expected to pay £450k for a house and pay for a family. So the question is, will they start skipping costs like having children?
Source: BBC front page
https://www.bbc.co.uk/news/education-40936283
https://www.thetimes.co.uk/article/students-to-pay-6-1-interest-rate-on-loans-qs8ndmdmd |
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Rogerborg |
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Rogerborg nimbA
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chris-red |
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chris-red Have you considered a TDM?
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Rogerborg nimbA
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pudder |
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pudder Scooby Slapper
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chris-red |
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chris-red Have you considered a TDM?
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M.C |
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M.C Super Spammer
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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Posted: 16:39 - 16 Aug 2017 Post subject: |
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pudder |
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pudder Scooby Slapper
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Posted: 17:10 - 16 Aug 2017 Post subject: |
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mpd72 wrote: |
The student they had on, seemed to think it was the norm to never pay it back and had ran up £45K so far.
Half are too thick to realise it's a real debt, which when they earn over a certain amount, they'll have to pay pack, unless they piss off to China China China to stitch up the tax payer or Corbyn gets in and keeps his vote catching lie.
The naivety of some of the callers was frightening. They had no understanding of budgeting or the value of money. The student loan is seen like some sort of never never credit card. |
It is a never never credit card, in so far as the debt gets written off after a certain time limit.
According to institute of fiscal studies, 77% will never pay it off. If you assume that you'll never pay it off then:
- The fact that the amount you repay is based purely on your salary means it makes no odds to the student whether they have a £30k loan or a £130k loan. Overall repayment will be exactly the same.
- It doesn't matter if the interest rate is 1.25% or 6.1% or 12.5%. They can keep stacking more debt on, all that changes is the amount that remains unpaid at the end.
- The effective interest is so low that there is essentially no benefit to paying off more than the minimum. Any extra money is better put towards a mortgage, other debts or into savings.
I get an annual statement for my student loan, and as a reasonably well paid pre-2012 graduate I will almost certainly end up paying off my loan. For the majority however, they would have to be mugs to pay more than the minimum, while waiting for it to be written off. ____________________ 1993 Kawasaki AR50 (In bits) - 1984 Suzuki GP125 (Sold, but still ridden) - 1954 Matchless G3L (Being restored) - 2007 Suzuki Bandit 650 |
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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Posted: 17:27 - 16 Aug 2017 Post subject: |
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pudder wrote: | [
It is a never never credit card, in so far as the debt gets written off after a certain time limit.
According to institute of fiscal studies, 77% will never pay it off. If you assume that you'll never pay it off then:
- The fact that the amount you repay is based purely on your salary means it makes no odds to the student whether they have a £30k loan or a £130k loan. Overall repayment will be exactly the same.
- It doesn't matter if the interest rate is 1.25% or 6.1% or 12.5%. They can keep stacking more debt on, all that changes is the amount that remains unpaid at the end.
- The effective interest is so low that there is essentially no benefit to paying off more than the minimum. Any extra money is better put towards a mortgage, other debts or into savings.
I get an annual statement for my student loan, and as a reasonably well paid pre-2012 graduate I will almost certainly end up paying off my loan. For the majority however, they would have to be mugs to pay more than the minimum, while waiting for it to be written off. |
So we have an entire generation of "student graduates" who have no ambition to earn over £21,000 before they reach their late 40's/early 50's. Awesome. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
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Im-a-Ridah |
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Im-a-Ridah World Chat Champion
Joined: 20 Oct 2006 Karma :
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Posted: 17:49 - 16 Aug 2017 Post subject: |
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chris-red wrote: | Quote: | A total of 532,300 people entered UK higher education in 2015 |
Quote: | approximately 700 scholarships are awarded each year |
You are moaning about 0.13% of the total number of students each year.
I'd consider adjusting your priorities. |
If we abolish the foreign aid budget I will stop complaining about this programme. Until then all these sideline giveaways shall be complained about as they collectively constitute a mega giveaway.
I notice that nobody puts these giveaways in the manifestos either. They are quite happy to keep the British public in the dark about them, while advertising them in foreign newspapers. This suggests that they know what they are doing is wwrong and that the public would not approve.
pudder wrote: |
How to make friends and influence people...
The UK wants to be powerful on the global stage, and creating positive relations with potential movers and shakers from other countries helps with achieving that. Promoting political change in foreign countries, or promoting trade with the UK. |
The devil is in the detail. Who is "the UK"? It's not the average British person that's benefits from this, that's for sure. We know this because the government doesn't want to tell the cattle class about the programme.
pudder wrote: |
And that is your esteemed opinion I assume?
Increasing the global standing of the UK is of no benefit to most brits?
Promoting western values to influential foreigners is of no benefit?
Creating trade opportunities which increase the UKs GDP doesn't help anyone? |
In the context of higher frees for taxpayers children while giving away 700 places to foreigners.
Liberals should just admit it, they hate indigenous British people from their whites only village where they force their son to wear a dress and drink avocado soup to show their neighbours how progressive they are.
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Im-a-Ridah |
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Im-a-Ridah World Chat Champion
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- Super Spammer
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Posted: 22:13 - 16 Aug 2017 Post subject: |
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Im-a-Ridah wrote: | mpd72 wrote: |
So we have an entire generation of "student graduates" who have no ambition to earn over £21,000 before they reach their late 40's/early 50's. Awesome. |
Civil war will kick in way before that happens. |
My money is on the side who can get out of bed before lunchtime.
Trust me, VW Festivals are far from left wing hippy events. More like dog owners with a liking for, beer, camp fires, weed, Ska and 2-Tone. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
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Rogerborg nimbA
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Kickstart |
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Kickstart The Oracle
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Lord Percy |
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Lord Percy World Chat Champion
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Posted: 01:45 - 17 Aug 2017 Post subject: |
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arry Super Spammer
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Old Thread Alert!
The last post was made 6 years, 226 days ago. Instead of replying here, would creating a new thread be more useful? |
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