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- Super Spammer
Joined: 22 Oct 2013 Karma :
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pudder |
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pudder Scooby Slapper
Joined: 04 Nov 2016 Karma :
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Posted: 09:55 - 17 Aug 2017 Post subject: |
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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. |
To clarify, when its says 77% will never pay it off, it means never fully pay it off.
(Rather than never start paying it back).
You seem to think people go to university with the sole aim of racking up as much debt as possible, then come out with no intention of using their degree. I know you won't believe me, but I never once encountered anyone at uni that didn't want to get a well paying job afterwards.
In my opinion the main problem is that everyone is now encouraged and coaxed into going to university.
Not everyone is cut out for academia, and I worry that apprenticeships or other vocational qualifications are kind of being portrayed as only for those too stupid to get into uni.
2 anecdotal cases of people I went to college with:
One spent 3 years trying to pass his first year uni course, only to drop out with probably £25k debt and no qualification. If the college lecturers were honest with him (and he were honest with himself) he should never have gone to uni.
Other refused to apply to university, despite our lecturer going on about how bad a decision he was making. We all took the piss because as far as we had been told he was being stupid. He then went to airbus, and they paid his uni course fees, while he was earning a decent wage. Not so stupid in the end... ____________________ 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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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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pudder |
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pudder Scooby Slapper
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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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: 12:43 - 17 Aug 2017 Post subject: |
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mpd72 wrote: |
You claimed this was a gap year. Meaning, you're still clinging onto the teat of education, hiding away from adulthood whilst fast approaching your 30's. (or is it mid 30's now?)
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No I didn't . You've just seen various bits of information regarding my life now and in the past, and have decided to smash it all together to form your own narrative.
This is how you process most things, I believe.
Rogerborg wrote: |
I thought Percy had completed his thesis and was just waiting for his "Tried Hard!" gold sticker? |
Correct. Well, half correct. Because I decided to duck out of the course one year early (instead of doing the integrated masters year) I was told I have to do some kind of project piece to make up for the fact that I didn't do one in my 3rd year - the time when I would have done one if I were on a standard BSc. So, although I'm not due another penny of loans or funding, and although I won't be stepping foot on campus ever again, and although I've passed enough exams and got enough credits for an official Institute of Physics approved physics degree, in order to get one with the 'Leeds Uni' stamp on it I'm sat here writing a literature review on the physics of planetary ocean circulation (doesn't involve gyroscopes ) every evening after work. Should be done in about 2 weeks, then I can collect my gold sticker and
https://media.giphy.com/media/arDBPjuX7LcOs/giphy.gif |
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Lord Percy |
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Lord Percy World Chat Champion
Joined: 03 Aug 2012 Karma :
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chris-red |
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chris-red Have you considered a TDM?
Joined: 21 Sep 2005 Karma :
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chris-red |
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chris-red Have you considered a TDM?
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chris-red |
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chris-red Have you considered a TDM?
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arry |
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arry Super Spammer
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pudder |
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pudder Scooby Slapper
Joined: 04 Nov 2016 Karma :
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Posted: 13:50 - 17 Aug 2017 Post subject: |
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mpd72 wrote: |
And this is the worrying bit. They're quite happy to run up crazy debts (I've seen a case of £24K in the first year on the news), without having a clue how much this debt will cost them or how much of it they'll pay back. |
Rather than place all the blame on the students, perhaps those advocating for university applications (college lecturers and careers advisors in my experience) should be highlighting the costs and possible alternatives.
How many 18 year olds know what the Bank of England base rate is, RPI, CPI, expected salary?
You want to get a well paid job, and in a job market saturated with graduates you will need a degree to be considered, therefore a financial investment is required.
My guess (could be wrong) is that applicants are aware that repayments will be a percentage of their salary, and that it will be written off after a period of time.
mpd72 wrote: | It seems that some at least are treating it a a credit card they think will get wiped out before they have to pay it off in full and as a result are treating money without the respect it needs as an adult. |
What's the alternative, not go to uni, and likely be excluded from the career you want?
Current loans (2016-17):
Full time tuition fee - Up to £9250
Maintenance loans (living costs) - Up to £11002
The maintenance loan is means tested against your parents, and varies depending on where you will be living. £11002 is living away from home in London.
Max available loan = £20252
There are also grants which do not have to be paid back, but which decrease the loan amount available.
That's a lot of money, but its not like you are just given a blank cheque and told do your worst. It is a finite amount of money.
Quote: | It's a sign of the times, with nobody seemingly owning cars outright anymore. |
Not quite sure how that is relevant.. ____________________ 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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chris-red |
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chris-red Have you considered a TDM?
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chris-red |
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chris-red Have you considered a TDM?
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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pudder |
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pudder Scooby Slapper
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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Posted: 14:09 - 17 Aug 2017 Post subject: |
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Lord Percy wrote: | mpd72 wrote: |
And this is the worrying bit. They're quite happy to run up crazy debts |
You don't seem to have minded when bankers did it, though? Or the fact that their £1Trillion of sudden debt was chucked on the public purse in a matter of days. And certainly not a peep from you now that the entire banking sector is going on exactly as it was before, with no change in rules or regulations, all official enquiries shelved halfway through, and barely a slap on the wrist for those who knew exactly what was going on in the lead-up to the crash. Oh but they're adults with lots of big shiny pots of money so they're allowed to do what they want, because they have money, which means they're morally superior in every way. Students are worse and far more irresponsible, everything is their fault. |
That bad debt was toxic because it was borrowed by people without the intention or ability to pay it back. Like students. ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
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pudder |
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pudder Scooby Slapper
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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Posted: 14:11 - 17 Aug 2017 Post subject: |
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pudder wrote: | mpd72 wrote: |
And this is the worrying bit. They're quite happy to run up crazy debts (I've seen a case of £24K in the first year on the news), without having a clue how much this debt will cost them or how much of it they'll pay back. |
Rather than place all the blame on the students, perhaps those advocating for university applications (college lecturers and careers advisors in my experience) should be highlighting the costs and possible alternatives.
How many 18 year olds know what the Bank of England base rate is, RPI, CPI, expected salary?
You want to get a well paid job, and in a job market saturated with graduates you will need a degree to be considered, therefore a financial investment is required.
My guess (could be wrong) is that applicants are aware that repayments will be a percentage of their salary, and that it will be written off after a period of time.
mpd72 wrote: | It seems that some at least are treating it a a credit card they think will get wiped out before they have to pay it off in full and as a result are treating money without the respect it needs as an adult. |
What's the alternative, not go to uni, and likely be excluded from the career you want?
Current loans (2016-17):
Full time tuition fee - Up to £9250
Maintenance loans (living costs) - Up to £11002
The maintenance loan is means tested against your parents, and varies depending on where you will be living. £11002 is living away from home in London.
Max available loan = £20252
There are also grants which do not have to be paid back, but which decrease the loan amount available.
That's a lot of money, but its not like you are just given a blank cheque and told do your worst. It is a finite amount of money.
Quote: | It's a sign of the times, with nobody seemingly owning cars outright anymore. |
Not quite sure how that is relevant.. |
Plus Cc and overdraft...... ____________________ TZR250 2MA road, TZR250 1KT road, TZR250 2MA race, TDR250, YZF-750R Boost colours.
Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG. |
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- Super Spammer
Joined: 22 Oct 2013 Karma :
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chris-red |
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chris-red Have you considered a TDM?
Joined: 21 Sep 2005 Karma :
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bhinso |
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bhinso World Chat Champion
Joined: 21 Jun 2008 Karma :
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Posted: 14:15 - 17 Aug 2017 Post subject: |
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Is it still free in scotchland?
If they have a 6.1% increase, what's 6.1% of £0?
All in it together! |
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arry Super Spammer
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pudder Scooby Slapper
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arry Super Spammer
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Old Thread Alert!
The last post was made 6 years, 247 days ago. Instead of replying here, would creating a new thread be more useful? |
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