Quote:
Originally Posted by LeeM
|
yeah I know - taken from the BBC
Quote:
If a student never earns £15,000 a year, then they will never pay back their student loan - it's as simple as that. Obviously the debt will continue to grow because of the interest being applied. The interest rate is linked to inflation and is set every year. It has been set for the next academic year at 2.4%. For 'new' students starting from September 06, their student loan will be written off after 25 years. For existing students they will be written off when you reach the age of 65 or if you become permanently disabled and unfit for work; or if you die. Student loan debts can never be passed onto anyone else.
|
aNd I know 25 years seems a long time, but seeing as its not an apprenticeship I will never ever get a job, because none of anyones mates have, so I will never earn enough ever.
