Re: University Fees & Student Loans
Posted: February 3rd, 2023, 11:19 pm
Interest rate capped to 7.3% until August. Admittedly, not pretty, but not 19%+3%
Lootman wrote:ikethespike wrote:In the end we funded the fees and associated costs. Whether this will be prove to be a good decision financially or not remains to be seen. The funds could have provided a deposit for a house purchase or as wanderer says there may, in the future, be a graduate fees rebate.
Good point, Biden has been promoting student loan forgiveness recently and perhaps a future (popularity seeking) Labour government might also.
Or your kids may decide to emigrate when, in practice if not in theory, any student loan is unlikely to ever be repaid.
Indeed foreign companies are becoming more aware of offering remuneration packages to migrating UK candidates whereby the salary is below UK student loan repayment level, supplemented with "benefits".