Student debt

[linedancer16]

Would you like your children/grandchildren reaching the age of 21 with a debt of possibly £27,000 to repay as well as costs of living (rent food books clothes etc) while they are at uni for 3 years. When they leave, how many actually get to earn enough to repay it quickly on top of rent/mortgage, bills, council tax etc. My two left uni 10 years ago and are still paying off their student loans (and its not interest free) and they've both worked without break for all that time.

[oranger]

How do English uni fees compare to the US,or France?

[craft1948]

What are they doing.........my daughter paid off her student debt in 5 years.

[Hopkirk]

Since they don't have to pay fees up front, I can't see how this is going to help the government save money in the short term.

[boxtops]

They only pay when they reach a certain level of earning though? Someone has to pay, and the country can no longer afford to foot the bill.

[Prudie]

No I wouldn't but that is exactly what I have - daughter graduated this year and owes £20K. I went to Uni and went straight into a 'prefessional salaried' career but I could never have paid off such an equivalent loan.

[Prudie]

^ professional (it's dark in here)

[Hopkirk]

I'm nearly 52, so if I had taken out a student loan I would be just finishing paying it off now.

[steg]

it's goooood being Scottish

[pastafreak]

craft...your daughter must be an exception...either that or her debt was very small.
I can't see my daughter paying off her debt of almost 40k in five years.

[Answerprancer]

...some say he's banned in Arbroath and that one of his eyes is a haggis ...all we know is he's called the steg !

[Hopkirk]

Yes the Scots don't pay student fees, prescriptions, hospital parking charges and probably a few other things besides.

When the Scottish Government hits financial problems as a result, it will no doubt be the fault of the English.

[wolf63]

It has always been good being Scottish.

Free prescriptions too.

[linedancer16]

Yes, they only pay when they earn over the threshold (I believe its £18,00 now) but one son didnt earn over the threshold for several years and the debt is still there waiting with interest being added even when they're not paying. Neither can afford to make extra payments to reduce it more quickly.

[craft1948]

I have no idea of the amount of her debt, but she worked throughout her uni years, and didn't go out much. She had to live with her dad after she graduated to save money. But isn't your daughter off on a jolly at the mo Pasta?

[steg]

i pay for prescriptions, ............... englands fault.... ha ha it is about time us Scots stopped subsidising the british government baws-ups

[Prudie]

It's £15 000 linedancer

[pastafreak]

A 'jolly'?...lol...she had the opportunity to go with her BF to OZ....she IS working....but in sales. NOT her chosen career-tho she has applied for relevant jobs over there.
When she does return-the jobs she wants will NOT be in this part of the country...so living with a parent will not be an option.

[linedancer16]

Sorry Prudie is it £15,00? I know its only 2/3 years since one son earned enough to start paying back. I agree that they should pay some thing towards their degree courses but it has to be a reasonable amount.

[WhiteBears]

well i graduated in 2006 and still temping, i havent been able to find perm work anywhere at all, my student loan statement is £21k !