45% of EU students studying in this country disappear without repaying
UK loans.

http://www.telegraph.co.uk/education...XmB65Zmo.email

On 23/01/2012 17:30, harry wrote:
45% of EU students studying in this country disappear without repaying
UK loans.

http://www.telegraph.co.uk/education...XmB65Zmo.email
Now there is a surprise, I am astounded that 55% actually pay.

--
Residing on low ground in North Staffordshire

On Jan 23, 5:41*pm, Moonraker wrote:
On 23/01/2012 17:30, harry wrote: 45% of EU students studying in this country disappear without repaying
UK loans.

http://www.telegraph.co.uk/education...n/9030043/Thou...

Now there is a surprise, I am astounded that 55% actually pay.


Me too.

McK.

On Jan 23, 5:41*pm, Moonraker wrote:
On 23/01/2012 17:30, harry wrote: 45% of EU students studying in this country disappear without repaying
UK loans.

http://www.telegraph.co.uk/education...n/9030043/Thou...

Now there is a surprise, I am astounded that 55% actually pay.

So am I!

It's the sensible ones that do the disaapearing. If the country made
its investment in the very people who do have a future both for
themsleves and the country, then the problem would not arise.

Had these same young people chosen instead to become single parents,
drug addicts, dossers or follow similar feckless lifestyles the levels
of support and "investment" offered would have been without limit and
we still would end up with an anrmy or two of wastrels.

So go forth and dissappear my children! Don't worry about my taxes, I
would sooner you have them than the other lot. Unlike that other lot,
you will eventually pay me back through your tax returns.

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

--
Cheers
Dave.

On Mon, 23 Jan 2012 22:59:47 +0000, Dave Liquorice wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind that
you don't start paying it back until you start earning over a threshold
(£15k or £21k) and you only have the liabilty to pay for a number of
years after you leave higher education as well.

The forecast is that about 40% of students entering HE in 2012 will not
repay all of their loan over the 30 (or 35) [1] years.

The tabloid outrage at the fees rather ignores the fact that, for
example, on £30,000 p.a. someone will repay only £67.50 a month - on what
will be around £2100 net pay a month.

[1] The period seems to depend on which government website you consult.
--
Use the BIG mirror service in the UK:
http://www.mirrorservice.org

*lightning protection* - a w_tom conductor

On Jan 23, 11:50*pm, Bob Eager wrote:
On Mon, 23 Jan 2012 22:59:47 +0000, Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind that
you don't start paying it back until you start earning over a threshold
(£15k or £21k) and you only have the liabilty to pay for a number of
years after you leave higher education as well.

The forecast is that about 40% of students entering HE in 2012 will not
repay all of their loan over the 30 (or 35) [1] years.

The tabloid outrage at the fees rather ignores the fact that, for
example, on £30,000 p.a. someone will repay only £67.50 a month - on what
will be around £2100 net pay a month.

[1] The period seems to depend on which government website you consult.

Thin edge of the wedge..........
It will get more onerous as time goes by.

"Dave Liquorice" wrote in message
ll.co.uk...
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

****

The old loans with the repayment threshold at 15K that started in 1998 are
only written off when you are 65 and about to retire.

On Tue, 24 Jan 2012 01:35:03 +0000, Jake wrote:

"Dave Liquorice" wrote in message
ll.co.uk... On Mon, 23
Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind that
you don't start paying it back until you start earning over a threshold
(£15k or £21k) and you only have the liabilty to pay for a number of
years after you leave higher education as well.

****

The old loans with the repayment threshold at 15K that started in 1998
are only written off when you are 65 and about to retire.

Unless you started the loan in 2006 or later, in which case it's after 25
years.

--
Use the BIG mirror service in the UK:
http://www.mirrorservice.org

*lightning protection* - a w_tom conductor

Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

My nephew has done this. Buggered of to Australia. He is ahem..S
African by way of Sweden...

...still not sure what his passport says..

On Jan 24, 2:28*am, The Natural Philosopher
wrote:
Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

My nephew has done this. Buggered of to Australia. He is *ahem..S
African by way of Sweden...

..still not sure what his passport says..

Oh well, if he comes back, his name will be flagged up at the
immigration.
Are there any white people left in S Africa?

in 1099440 20120124 074058 harry wrote:
On Jan 24, 2:28=A0am, The Natural Philosopher
wrote:
Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for =
a
number of years after you leave higher education as well.

My nephew has done this. Buggered of to Australia. He is =A0ahem..S
African by way of Sweden...

..still not sure what his passport says..

Oh well, if he comes back, his name will be flagged up at the
immigration.
Are there any white people left in S Africa?

Obviously not a cricket fan.

In article ,
Bob Martin wrote:
in 1099440 20120124 074058 harry wrote:
On Jan 24, 2:28=A0am, The Natural Philosopher
wrote:
Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for =
a
number of years after you leave higher education as well.

My nephew has done this. Buggered of to Australia. He is =A0ahem..S
African by way of Sweden...

..still not sure what his passport says..

Oh well, if he comes back, his name will be flagged up at the
immigration.
Are there any white people left in S Africa?

Obviously not a cricket fan.

that only makes 11 ;-)

--
From KT24

Using a RISC OS computer running v5.16

harry wrote:
On Jan 24, 2:28 am, The Natural Philosopher
wrote:
Dave Liquorice wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:
45% of EU students studying in this country disappear without repaying
UK loans.
And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.
My nephew has done this. Buggered of to Australia. He is ahem..S
African by way of Sweden...

..still not sure what his passport says..

Oh well, if he comes back, his name will be flagged up at the
immigration.
Are there any white people left in S Africa?

Yes, lots. Afrikaaners had no other option but to stay.

In article ,
The Natural Philosopher wrote:
Oh well, if he comes back, his name will be flagged up at the
immigration.
Are there any white people left in S Africa?

Yes, lots. Afrikaaners had no other option but to stay.

I have a pal emigrating there next month. Thinks it's a wonderful country.
I think he's mad. ;-)

--
*The hardness of the butter is proportional to the softness of the bread *

Dave Plowman London SW
To e-mail, change noise into sound.

On Jan 23, 10:59*pm, "Dave Liquorice"
wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:
45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

--
Cheers
Dave.

Nobody knows. That system has only just been started.

harry wrote:

45% of EU students studying in this country disappear without repaying
UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.

Nobody knows. That system has only just been started.

Eh? This 'new' system is exactly the same as the 'old' system, just the
loans are bigger. I left Uni in 1997 with a £1k student loan that had
exactly the same threshold and will-be-cancelled-when-you-hit-50 conditions.

Scott

On Jan 26, 9:20*am, Scott M wrote:
harry wrote:
45% of EU students studying in this country disappear without repaying
UK loans.
And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (£15k or £21k) and you only have the liabilty to pay for a
number of years after you leave higher education as well.
Nobody knows. That system has only just been started.

Eh? This 'new' system is exactly the same as the 'old' system, just the
loans are bigger.

Loans are bigger, threshold is different, interest is calculated
differently. Yes, I can see why you think they are exactly the same.

MBQ

On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.
(which is not the same as paying less than the loan)

On Tue, 24 Jan 2012 07:59:25 GMT, Cassandra wrote:

45% of EU students studying in this country disappear without
repaying UK loans.

And how many UK students don't repay it all either?

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.

Exactly, media jumping up and down again about some "fact" but not
providing the full story or conviently omiting some other relevant
fact.

I reckon that there will be a significant number of "students" who
never break the earnings threshold for the entire period of liabilty.

--
Cheers
Dave.

On 24/01/2012 09:10, Dave Liquorice wrote:
On Tue, 24 Jan 2012 07:59:25 GMT, Cassandra wrote:

45% of EU students studying in this country disappear without
repaying UK loans.

And how many UK students don't repay it all either?

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.

Exactly, media jumping up and down again about some "fact" but not
providing the full story or conviently omiting some other relevant
fact.

I reckon that there will be a significant number of "students" who
never break the earnings threshold for the entire period of liabilty.

Mm. I know of someone who makes a good living as a freelancer.
Apparently the powers that be determine his eligibility for repaying his
student loan by looking at his income for one specific month of the
year. Therefore by the simple expedient of doing minimal work in that
month, he stays below the threshold and reckons that unless the
goalposts change, he'll never need to pay back.

David

In article ,
Lobster wrote:
Mm. I know of someone who makes a good living as a freelancer.
Apparently the powers that be determine his eligibility for repaying his
student loan by looking at his income for one specific month of the
year. Therefore by the simple expedient of doing minimal work in that
month, he stays below the threshold and reckons that unless the
goalposts change, he'll never need to pay back.

Wonder why 'they' do that rather than just use the figures for income tax
etc purposes?

--
*Husbands should come with instructions

Dave Plowman London SW
To e-mail, change noise into sound.

On Jan 24, 9:22*am, Lobster wrote:
On 24/01/2012 09:10, Dave Liquorice wrote:









On Tue, 24 Jan 2012 07:59:25 GMT, Cassandra wrote:

45% of EU students studying in this country disappear without
repaying UK loans.

And how many UK students don't repay it all either?

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.

Exactly, media jumping up and down again about some "fact" but not
providing the full story or conviently omiting some other relevant
fact.

I reckon that there will be a significant number of "students" who
never break the earnings threshold for the entire period of liabilty.

Mm. I know of someone who makes a good living as a freelancer.
Apparently the powers that be determine his eligibility for repaying his
student loan by looking at his income for one specific month of the
year. Therefore by the simple expedient of doing minimal work in that
month, he stays below the threshold and reckons that unless the
goalposts change, he'll never need to pay back.

That is incorrect. He will be assessed for repayments based on his tax
return, assuming he is being honest.

MBQ

On Jan 24, 7:59*am,
q (Cassandra) wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"

wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.

Not yet, that's for loans starting this september. At the moment they
are linked to the base rate.

Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.
(which is not the same as paying less than the loan)

It's taken out of your pay like tax.
It's calculated like tax (x% over a certain threshold).
It's a de-facto tax, not a loan, but the government couldn't possibly
be seen to be increasing taxes.

I can't get SWMBO to understand that she should not see our student
son as having a huge debt hanging over him when he graduates.

It seems some families are stupid enough to use their savings whilst
the child is at university rather than take the "loan" that's on
offer.

MBQ

On 24/01/2012 10:23, Man at B&Q wrote:
On Jan 24, 7:59 am,
q (Cassandra) wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"

wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.

Not yet, that's for loans starting this september. At the moment they
are linked to the base rate.

Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.
(which is not the same as paying less than the loan)

It's taken out of your pay like tax.
It's calculated like tax (x% over a certain threshold).
It's a de-facto tax, not a loan, but the government couldn't possibly
be seen to be increasing taxes.

I can't get SWMBO to understand that she should not see our student
son as having a huge debt hanging over him when he graduates.

It seems some families are stupid enough to use their savings whilst
the child is at university rather than take the "loan" that's on
offer.

MBQ

I don't like the idea of student loans at all. We are always told that
graduates on average earn x% extra - if they are earning more, they are
paying more tax anyway! The only reason for needing to directly charge
such fees is the massive expansion of HE. Do we really need 50% of
students (as was the aim) to continue into HE? Are 50% suited to HE?

Reduce the number of entrants to a sensible level and fund it from the
state - the state will benefit far more from a smaller number of "more
intelligent" graduates in the subjects that we need, than large numbers
of variable ability in dead end subjects.

SteveW

On Tue, 24 Jan 2012 20:53:51 +0000, Steve Walker wrote:

On 24/01/2012 10:23, Man at B&Q wrote:
On Jan 24, 7:59 am,
q (Cassandra) wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"

wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without
repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay
for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.

Not yet, that's for loans starting this september. At the moment they
are linked to the base rate.

Minimum repayments are based on wages You are charged interest for and
period you don't pay. The 21k limit is less that average wages and
will be exceeded quite quicky due to wage inflation.

It is impossible to pay off the loan unless you earn a huge amount.
(which is not the same as paying less than the loan)

It's taken out of your pay like tax.
It's calculated like tax (x% over a certain threshold). It's a de-facto
tax, not a loan, but the government couldn't possibly be seen to be
increasing taxes.

I can't get SWMBO to understand that she should not see our student son
as having a huge debt hanging over him when he graduates.

It seems some families are stupid enough to use their savings whilst
the child is at university rather than take the "loan" that's on offer.

MBQ

I don't like the idea of student loans at all. We are always told that
graduates on average earn x% extra - if they are earning more, they are
paying more tax anyway! The only reason for needing to directly charge
such fees is the massive expansion of HE. Do we really need 50% of
students (as was the aim) to continue into HE? Are 50% suited to HE?

Exactly. But the long term effect of government policy is likely to
reduce those going into HE, and the weak universities/departments will
fail (probably, mainly, the post-1992 former polys). So the reduction
will be achieved.

--
Use the BIG mirror service in the UK:
http://www.mirrorservice.org

*lightning protection* - a w_tom conductor

Steve Walker wrote:

I don't like the idea of student loans at all. We are always told that
graduates on average earn x% extra

And pu believe that a piece of worthless paper is an immediate passport
to more cash?

And that Labour politicians tell the truth?

You ARE the education problem, and I claim my £30,0000 grant..

On 24/01/2012 07:59, Cassandra wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.


You mention wage. Is it the graduates wage that's taken into account,
ie under PAYE, or their income, ie to included dividend etc?

"Fredxx" wrote in message
...
On 24/01/2012 07:59, Cassandra wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for
a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.


You mention wage. Is it the graduates wage that's taken into account, ie
under PAYE, or their income, ie to included dividend etc?

Not only that, but if you get a windfall, you need to pay back out of that,
as an extreme example, if you win the lottery, you need to stump up (as you
should if you won the lottery).

Also, if you get a job outside the UK, for example, teaching in China, the
repayment threshold is often lower as the cost of living in that country is
taken into account before they decide the repayments.

How they can track your income and find out exactly how much you are getting
(and thus how much you need to pay) if your wages are being paid into a
Chinese bank and subject to the Chinese taxation system is another question.

In message , Jake
writes

"Fredxx" wrote in message
...
On 24/01/2012 07:59, Cassandra wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for
a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.


You mention wage. Is it the graduates wage that's taken into account, ie
under PAYE, or their income, ie to included dividend etc?

Not only that, but if you get a windfall, you need to pay back out of that,
as an extreme example, if you win the lottery, you need to stump up (as you
should if you won the lottery).

Also, if you get a job outside the UK, for example, teaching in China, the
repayment threshold is often lower as the cost of living in that country is
taken into account before they decide the repayments.

Sorry, that's first order bolix


--
geoff

On Jan 24, 10:33*pm, "Jake" wrote:
"Fredxx" wrote in message

...









On 24/01/2012 07:59, Cassandra wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
*wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for
a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

You mention wage. *Is it the graduates wage that's taken into account, ie
under PAYE, or their income, ie to included dividend etc?

Not only that, but if you get a windfall, you need to pay back out of that,

Incorrect.

as an extreme example, if you win the lottery, you need to stump up (as you
should if you won the lottery).

Incorrect.

If you earn income from investing such winnings then that *will* form
part of your assessment for repayments.

MBQ

On Tue, 24 Jan 2012 22:33:16 +0000, Jake wrote:

"Fredxx" wrote in message
...
On 24/01/2012 07:59, Cassandra wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"
wrote:

On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without
repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay
for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation. Minimum repayments are based
on wages You are charged interest for and period you don't pay. The
21k limit is less that average wages and will be exceeded quite quicky
due to wage inflation.


You mention wage. Is it the graduates wage that's taken into account,
ie under PAYE, or their income, ie to included dividend etc?

Not only that, but if you get a windfall, you need to pay back out of
that, as an extreme example, if you win the lottery, you need to stump
up (as you should if you won the lottery).

Also, if you get a job outside the UK, for example, teaching in China,
the repayment threshold is often lower as the cost of living in that
country is taken into account before they decide the repayments.

How they can track your income and find out exactly how much you are
getting (and thus how much you need to pay) if your wages are being paid
into a Chinese bank and subject to the Chinese taxation system is
another question.

How about if you get a job abroad forever ? You would have thought that
*someone* would have learned from the 70s and 80s, when quite a few
nurses got the NHS top pay to train them, and then emigrated (to
countries who welcomed them with open arms) in order to secure an instant
200% pay rise.

Have already heard little whispers that there are quite a few students
interested in moving abroad. And of course it will be the ones we are
most likely to need, that will find it easiest (scientists and engineers
mainly) doing nothing to address the dearth of opportunities for media
studies graduates.

On Jan 24, 7:59*am,
q (Cassandra) wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"

wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

The limit will also rise with inflation.

It is impossible to pay off the loan unless you earn a huge amount.
(which is not the same as paying less than the loan)

"S" wrote in message
...
On Jan 24, 7:59 am,
q (Cassandra) wrote:
On Mon, 23 Jan 2012 22:59:47 +0000 (GMT), "Dave Liquorice"

wrote:
On Mon, 23 Jan 2012 09:30:25 -0800 (PST), harry wrote:

45% of EU students studying in this country disappear without repaying=

UK loans.

And how many UK students don't repay it all either? Bearing in mind
that you don't start paying it back until you start earning over a
threshold (=A315k or =A321k) and you only have the liabilty to pay for a=

number of years after you leave higher education as well.

Interest rates are linked to inflation.
Minimum repayments are based on wages
You are charged interest for and period you don't pay.
The 21k limit is less that average wages and will be exceeded quite
quicky due to wage inflation.

The limit will also rise with inflation.

*****

Really? The £15K salary repayment limit set in 1998 would now be equivalent
to be a salary repayment limit of £21,450 using the thisismoney historic
inflation calculator.

Nevertheless, those who took out loans in 1998 are still repaying at 9% of
anything over £15,000, instead of the £21,450 that that 15K would be worth
as a salary in today's terms.