RH33 Posted March 15, 2023 Share Posted March 15, 2023 Mine is sat at about £14k and I've never been in a job that earned enough to start paying it back. 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted March 15, 2023 Share Posted March 15, 2023 1 hour ago, RH33 said: Mine is sat at about £14k and I've never been in a job that earned enough to start paying it back. Back when they were first starting, I took out a loan to do an HND. Think it was about £2,500. A few times I've crept into the bracket to start paying it back at about a fiver a week or so. As someone mentioned earlier, it was touted as almost being as good as a grant, as the interest rate was so low that it would be negligible. Few years later, the interest rate started going up. I'd need to check, but I think the total repayable is about £8,000 now. Thankfully, I don't need to give a shit as it'll disappear if I hit 65 or die, but I fear for future generations when a government eventually allows loan providers to own students from graduation to the grave and beyond. 0 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted March 16, 2023 Share Posted March 16, 2023 19 hours ago, scottsdad said: This was a postgraduate student. Had he fessed up and shown some remorse, we would have allowed him to keep either a postgraduate diploma or a postgraduate certificate. As it is, 2 years of his life up in smoke. On @mathematics point, the lecturer was well supported. She was bemused by the whole thing. We never believed for a second she did anything wrong, and I think she knew that. The most baffling thing about is that surely you do a postgrad to learn? Cheating seems to defeat the whole purpose, you are paying money to learn a subject you are (hopefully) interested on. Never mind getting caught, I don't understand why you would cheat at all unless you were sure you were going to flame out (and if the latter the uni might support you if due to reasons outwith your control). What are the slap on the wrist type stuff? I would assume Unis were pretty tough on even minor infractions. 15 hours ago, Central Belt Caley said: We had a woman come in from Saas in our 6th year at school saying how amazing they were etc and she told us all that the loan you take out has no interest added to it at all. So 20k over 4 years is all you will pay off. She explicitly used the words “interest free”. You can imagine my surprise when someone at uni explained to me that interest does infact get added on https://youtu.be/5yuL6PcgSgM 3 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted March 16, 2023 Share Posted March 16, 2023 3 hours ago, Satoshi said: The most baffling thing about is that surely you do a postgrad to learn? Cheating seems to defeat the whole purpose, you are paying money to learn a subject you are (hopefully) interested on. Never mind getting caught, I don't understand why you would cheat at all unless you were sure you were going to flame out (and if the latter the uni might support you if due to reasons outwith your control). What are the slap on the wrist type stuff? I would assume Unis were pretty tough on even minor infractions. https://youtu.be/5yuL6PcgSgM A first time offence, and the student admits it, then we normally void the course and make them take a resit and attend a class on plagiarism. That is the slap on the wrist stuff. It is still on the transcript though. 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted March 16, 2023 Share Posted March 16, 2023 I was lucky enough to get the last couple of years of grants before the student loans kicked in. Mind you they were pretty much interest free back then. I even managed to wangle a student loan on a year when I was on, erm, sabbatical. Paid it all back over the course of a few years. The missus had hers written off (probably as a thank you from Regal kingsize). 0 Quote Link to comment Share on other sites More sharing options...
vikingTON Posted March 16, 2023 Share Posted March 16, 2023 18 hours ago, mathematics said: Interest starts immediately as far as I know. Linked to inflation rather than a generic loan-type interest. Not quite true for loans in Scotland (Plan 4 student loans): https://www.gov.uk/guidance/how-interest-is-calculated-plan-4 Quote The interest rate charged is either the Retail Price Index or the Bank of England base rate plus 1%, whichever is lower. So it's 4.5% now, which is the BoE+1% figure. The repayment threshold appears to be linked to RPI, and so is jumping by £2k to £27k. https://www.gov.uk/government/publications/payroll-technical-specifications-student-loans/collection-of-student-loans-from-6-april-2023 Useful guidance here: https://www.savethestudent.org/student-finance/student-loan-repayments.html#plan4 1 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted May 21, 2023 Share Posted May 21, 2023 Into my final EMA of the year, just about done and due on Tuesday. Finally got my marks back for my last TMA, with the delay being because of the marking boycott, needed 30% got 63%, not great but a wins a win. 4 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted May 29, 2023 Share Posted May 29, 2023 On 21/05/2023 at 19:09, johnnydun said: Into my final EMA of the year, just about done and due on Tuesday. Finally got my marks back for my last TMA, with the delay being because of the marking boycott, needed 30% got 63%, not great but a wins a win. Meant to ask the other night. Well done 1 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted May 29, 2023 Share Posted May 29, 2023 59 minutes ago, Melanius Mullarkay said: Meant to ask the other night. Well done Thank you. Meant to get my final EMA result back in the middle of next month. 1 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted June 2, 2023 Share Posted June 2, 2023 Scott has made his choice and is going to uni in September. 2 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted June 9, 2023 Share Posted June 9, 2023 That's me just got the last of my marks back and more than happy with the 82% average. Only 3 more years to go. 7 Quote Link to comment Share on other sites More sharing options...
EvilScotsman Posted June 9, 2023 Share Posted June 9, 2023 (edited) On 02/06/2023 at 12:48, scottsdad said: Scott has made his choice and is going to uni in September. Yours? Hopefully not mine! Because it's shit, just to be clear... Edited June 9, 2023 by EvilScotsman clarity 0 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted June 9, 2023 Share Posted June 9, 2023 4 hours ago, Suspect Device said: That's me just got the last of my marks back and more than happy with the 82% average. Only 3 more years to go. Wow, great score. Well done. 1 Quote Link to comment Share on other sites More sharing options...
scottsdad Posted June 10, 2023 Share Posted June 10, 2023 9 hours ago, EvilScotsman said: Yours? Hopefully not mine! Because it's shit, just to be clear... Nope, not mine. I think the idea of going to the uni where his parents both work was a non starter for him. 1 Quote Link to comment Share on other sites More sharing options...
marsy Posted June 29, 2023 Share Posted June 29, 2023 Just graduated 11 Quote Link to comment Share on other sites More sharing options...
Richey Edwards Posted July 16, 2023 Share Posted July 16, 2023 Tonight is my final clinical placement shift of Second Year. After tonight, second year will be done and I will be going into Third Year. 5 Quote Link to comment Share on other sites More sharing options...
olliethedug Posted July 16, 2023 Share Posted July 16, 2023 Just finished third year, start as a nurse in September. 3 Quote Link to comment Share on other sites More sharing options...
coprolite Posted July 17, 2023 Share Posted July 17, 2023 I know most posters on here will be mainly concerned with Scotland but i can't imagine the overall picture being too different. Thought this was interesting. There's a very good chance that investing in Uni is worth it financially, but it's not a slam dunk. Of course it's not all about the profit and loss ledger, least not for everyone. Surprised by engineering not being higher and by English being positive. It's correlation not causation i suppose. (accompanied an article about Sunak's latest brainfart but this isn't in the politics forum). 1 Quote Link to comment Share on other sites More sharing options...
jimbaxters Posted July 17, 2023 Share Posted July 17, 2023 It's a sad fact that when I see this thread at the top of the list, I think "You'll still be paying it back in 2043 folks". 0 Quote Link to comment Share on other sites More sharing options...
mathematics Posted July 17, 2023 Share Posted July 17, 2023 Good to see Mathematics in the top three. A beautiful subject. 2 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.