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University

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University

Post by RTM08 on Thu Feb 16, 2012 9:41 am

I saw this article on the BBC earlier in regards to tuition fees:

Plans to impose penalties on students in England who pay off university loans early are to be abandoned, ministers are expected to announce.

Business Secretary Vince Cable had intended to introduce an early repayment penalty.

It could have cost graduates thousands of pounds if they cleared their debts within 30 years of leaving university.

However, following a consultation it is understood the government has decided not to introduce the scheme.

The consultation applied only to student loans in England.

Early repayments are allowed, without penalties, under the current system.

The business secretary is believed to have supported the introduction of an early repayment penalty as the Liberal Democrats and Conservatives sought to reach agreement on raising student tuition fees as part of the coalition agreement.

The coalition government had said the system would be "progressive".

Ministers were considering introducing annual charges of around 5% on payments above a certain limit to prevent wealthier students avoiding interest charges on the new standard 30-year repayment plans.

The new system, if agreed, would have come into force this year when tuition fees will increase to up to £9,000 annually.

But following the consultation process, the government decided the evidence suggests that those most likely to make extra payments were not the wealthy but those earning around £18,000.

Ministers were concerned it would mean thousands of students could end up losing out and the government is expected to announce within the coming weeks that there will now be no penalty for early repayment of loans.

Last year think tank CentreForum, which describes itself as liberal, said the plans would be ineffective and costly, arguing that most of those who overpay do so because of debt aversion, not because they are wealthy.

Scottish home students do not have to pay tuition fees, while Northern Ireland's government has said fees will not rise for the next four years.

The Welsh Assembly has announced that fees will rise to up to £9,000, as in England, but the government will meet the extra cost to Welsh students studying at any UK university.

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Am I the only person to think it's bang out of order to even consider charging people for paying off their debts EARLY. Dodgy Bastards Mad
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Re: University

Post by rob_of_the_robots on Thu Feb 16, 2012 10:03 am

It's the done thing with mortgages and other loans, shouldn't be though.

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Re: University

Post by Rover the Sea on Thu Feb 16, 2012 10:12 am

A bank is an institution that will lend you money... as long as you can prove that you don't need it!!

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Re: University

Post by StLedge on Thu Feb 16, 2012 5:30 pm

They should fuck off Uni and get a job in McDonalds, in the 30 years they'll probably be assistant day shift cleaning manager or something....
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Re: University

Post by glosterrover on Thu Feb 16, 2012 8:06 pm

As high up the ladder as that?? are they on a management fast track scheme???
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Re: University

Post by StLedge on Fri Feb 17, 2012 12:34 pm

Oh yes. An insider once revealed that if you show an ability to learn to flip a burger correctly in under 5 years, you are on your way up!!
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Re: University

Post by glosterrover on Fri Feb 17, 2012 4:15 pm

So that's where i went wrong......bugger Rolling Eyes
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Re: University

Post by Rover the Sea on Fri Feb 17, 2012 5:32 pm

glosterrover wrote:So that's where i went wrong......bugger Rolling Eyes

yep, you can't even spell burger!

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Re: University

Post by Willy on Fri Feb 17, 2012 5:33 pm

Rover the Sea wrote:
glosterrover wrote:So that's where i went wrong......bugger Rolling Eyes

yep, you can't even spell burger!

Lol...got there before me, and I almost started typing those exact words. Very Happy


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Re: University

Post by Rover the Sea on Fri Feb 17, 2012 5:36 pm

Not sure what that says about me? scratch

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Re: University

Post by Willy on Fri Feb 17, 2012 5:42 pm

That you somehow steal my ideas telepathically and post them before I get the chance because of the five-hour time difference?

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Re: University

Post by Rover the Sea on Fri Feb 17, 2012 5:53 pm

Willy, you are English and therefore a lifetime behind me, 5 hours...PAH!

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Re: University

Post by Willy on Fri Feb 17, 2012 6:46 pm

I really should've made a joke about gypsies, crystal balls, and predicting the future. Missed out there.

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Re: University

Post by StLedge on Sat Feb 18, 2012 9:06 pm

You forgot about potatoes...!
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Re: University

Post by glosterrover on Sun Feb 19, 2012 9:07 am

Potato!!!!!
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Re: University

Post by StLedge on Sun Feb 19, 2012 5:37 pm

Po-tay-tow
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Re: University

Post by glosterrover on Sun Feb 19, 2012 7:39 pm

Sledge is Keith Lemon
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Re: University

Post by Rover the Sea on Mon Feb 20, 2012 11:59 am

glosterrover wrote:Sledge is a Lemon

Juice fix

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Re: University

Post by StLedge on Mon Feb 20, 2012 12:43 pm

......thanks
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Re: University

Post by glosterrover on Mon Feb 20, 2012 7:43 pm

Oh don't be like that Laughing
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Re: University

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