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 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

"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 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.

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.

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?

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)

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.

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

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

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.

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.

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

in 1099518 20120124 122657 charles wrote:
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 ;-)

Have you looked at the spectators? More than 11 of them ;-)

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.

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.

Dave Plowman (News) wrote:
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 scenery's better than great, but it's a shame about the politics.
He'd better be planning to learn to defend himself against knives and
guns from what I've heard. Also, he'd best be resigning himself to
buying new valuables every few months, as even outside the towns,
burglary is very common. I know one family who live about ten miles out
of town who were burgled four times in a year, which is why they keep
everything of value in a safe which would look over the top in a bank.

--
Tciao for Now!

John.

John Williamson wrote:
Dave Plowman (News) wrote:
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 scenery's better than great, but it's a shame about the politics.
He'd better be planning to learn to defend himself against knives and
guns from what I've heard. Also, he'd best be resigning himself to
buying new valuables every few months, as even outside the towns,
burglary is very common. I know one family who live about ten miles out
of town who were burgled four times in a year, which is why they keep
everything of value in a safe which would look over the top in a bank.

yes.

Basically carry a little cash, and when your wallet gets lifted at knife
point, simply call the bank and get the whole lot cancelled.

Expect any car to be stripped if its left outside a locked compound or
patrolled area.

You will automatically have a hotline to an emergency armed response
private security company as a condition of insurance.

In Joburg at least your house and place of work will be surrounded by an
8ft hight wall topped with razor wire.

Oddly enough, the townships are safer to wander than the 'white' suburbs.

Up country away from the towns its a lot safer. Just expect anything not
bolted down will wander off on its own, but violence is low.


That's the way it was last time I visited twelve years ago.

But its changing fast.

The main changes I saw and have noticed since, is that there is a new
black middle class, who feel just as exposed - if not more so - to the
general crime levels.

So crime is now seen not on racial terms, but in more class terms.

However the total ineptitude of the ANC post Mandela to understand or
achieve anything is leading to an emergent new politics - alliances of
lets say the educated against the uneducated tribalists.

The question is of course whether there are enough educated people to
make a difference and whether the uneducated know that they need them.

In short its very similar to the UK. Just more so.

In article ,
John Williamson wrote:
I have a pal emigrating there next month. Thinks it's a wonderful
country. I think he's mad. ;-)

The scenery's better than great, but it's a shame about the politics.
He'd better be planning to learn to defend himself against knives and
guns from what I've heard. Also, he'd best be resigning himself to
buying new valuables every few months, as even outside the towns,
burglary is very common. I know one family who live about ten miles out
of town who were burgled four times in a year, which is why they keep
everything of value in a safe which would look over the top in a bank.

I've heard such things before - but he's blind to it. Going there to marry
a local girl, and he's pushing 60. Even sent me a text from there gloating
about the riots in England last year. ;-)

--
*Why 'that tie suits you' but 'those shoes suit you'?*

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

Dave Plowman (News) wrote:
In article ,
John Williamson wrote:
I have a pal emigrating there next month. Thinks it's a wonderful
country. I think he's mad. ;-)

The scenery's better than great, but it's a shame about the politics.
He'd better be planning to learn to defend himself against knives and
guns from what I've heard. Also, he'd best be resigning himself to
buying new valuables every few months, as even outside the towns,
burglary is very common. I know one family who live about ten miles out
of town who were burgled four times in a year, which is why they keep
everything of value in a safe which would look over the top in a bank.

I've heard such things before - but he's blind to it. Going there to marry
a local girl, and he's pushing 60. Even sent me a text from there gloating
about the riots in England last year. ;-)

TBH those riots would have met something a whole lot stiffer and more
lethal in terms of countermeasures in any town in S Africa.

I am not taking a moral view on that however, merely noting the fact.

Everything has a downside.

Nowhere is perfect.

On Tue, 24 Jan 2012 12:26:57 +0000, charles wrote:

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 ;-)

The sun has set on the British Umpire.



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

*lightning protection* - a w_tom conductor

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 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?

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..

"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

"geoff" wrote in message
...
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

So apparently are most of your opinions thus far expressed.

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, 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.

In message , Jake
writes

"geoff" wrote in message
...
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

So apparently are most of your opinions thus far expressed.



Well, having an Expat son paying back his loan at the moment, I would
say my experience, not opinion, is somewhat more valid than yours


--
geoff

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)

"geoff" wrote in message
...
In message , Jake
writes

"geoff" wrote in message
...
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

So apparently are most of your opinions thus far expressed.



Well, having an Expat son paying back his loan at the moment, I would say
my experience, not opinion, is somewhat more valid than yours

Here is a list of the different earnings and repayment thresholds arranged
alphabetically by country for you to peruse at your convenience.

http://www.studentloanrepayment.co.u..._schema=PORTAL

"If you are living overseas we work out your monthly repayment schedule
using the same principles as for those who live in the UK. So, you will
repay 9% of your earnings over the repayment threshold for the country you
are living in.


To take account of differences in living costs, the repayment threshold in a
foreign country will not necessarily be the same as in the UK. We will
update thresholds each year to take account of price changes.



For example, if you were living in Poland the repayment threshold is the
equivalent of £9,000 so your repayments would be calculated as 9% of
anything you earn over the equivalent of £9,000."