13th December 2010, 08:41 PM
There was an article in the Independent at the weekend that postulated only 25% of students would be able to pay off their student loan during their working life.
http://www.independent.co.uk/news/uk/pol...58168.html
Whilst this might appear to justify the Lib-Con contention that only 'higher earning' graduates would be paying the 'full amount' of fees, the opposite is actually true. Whilst there is a threshold level at which individuals will begin to pay back, there has been little publicity for the fact that 'interest' will continue to be added to the charge. This could lead to an individual who comes late to the threshold level paying back a much larger proportionate rate than someone who has paid off little by little over the years.
http://www.independent.co.uk/news/uk/pol...58168.html
Whilst this might appear to justify the Lib-Con contention that only 'higher earning' graduates would be paying the 'full amount' of fees, the opposite is actually true. Whilst there is a threshold level at which individuals will begin to pay back, there has been little publicity for the fact that 'interest' will continue to be added to the charge. This could lead to an individual who comes late to the threshold level paying back a much larger proportionate rate than someone who has paid off little by little over the years.
With peace and consolation hath dismist, And calm of mind all passion spent...