Shane
Member
Registered: 10th Jan 04
User status: Offline
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didnt realise the thread was going to go this way, i was only joking with what i said 
give a fuck what paul spends his money on, its his at the end of the day, i i had the money i would fuck off travelling
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Adam_B
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Registered: 13th Dec 00
Location: Lancashire
User status: Offline
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Cant you just tell them what you have been doing Paul? Its not like you cant prove it
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Hamish
Member
Registered: 4th Apr 05
Location: Ashtead, Surrey Drives: 100bhp Mint with Hole
User status: Offline
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Show the student loans company some holiday snaps 
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Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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quote:
Originally posted by Hamish
Show the student loans company some holiday snaps
or plane tickets and passport stamps
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by willay
quote:
Originally posted by Neo
He went before all the shit hit the fan iirc ^ (CorsaB4Ever)
[Edited on 03-02-2009 by Neo]
whens that then? we have had credit issues as early as August last year, and before that it just wasnt so hard hitting...
I had booked it all back in spring, I was already commited by about 3-4k in flights / intrepid trips / car hire / bits of accomidation etc...
August it got a little bit shitty, I left early Sept. After that was when it got really shit.
Most of my student loan was spent on my education. For my travels it was mostly the money I had been saving for years through part time work and placement year (not spending much on anything).
I rang them and they've now said I have until April to get them some proof like bank statements etc, otherwise the money is getting deducted
The real shitter is that my bank account gives me 0.66% interest on my money at the moment, yet my student loan is still charging me about 5% (follows the rate of inflation for the previous march).
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Fad
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Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline
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Tbh people dont realise that when students take student loans out they are not for free, say you are earning under the 15 threshold you are still incurring interest on the sum.
I've been paying mine back for a few years now and when i rang up on te Student Loans company regarding my current balance their response was" Dunno mate you have to keep your own records we only send out half yearly statements"
So now I am having to back track and record all my payments I make each month.
Student loans are always with a catch its not free cheap money like people always hark on about.
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John
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Registered: 30th Jun 03
User status: Offline
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It was cheap to free money until the interest rate went up.
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ssj_kakarot
Member
Registered: 29th Apr 03
Location: hartlepool
User status: Offline
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quote:
Originally posted by Paul_J
quote:
Originally posted by willay
quote:
Originally posted by Neo
He went before all the shit hit the fan iirc ^ (CorsaB4Ever)
[Edited on 03-02-2009 by Neo]
whens that then? we have had credit issues as early as August last year, and before that it just wasnt so hard hitting...
I had booked it all back in spring, I was already commited by about 3-4k in flights / intrepid trips / car hire / bits of accomidation etc...
August it got a little bit shitty, I left early Sept. After that was when it got really shit.
Most of my student loan was spent on my education. For my travels it was mostly the money I had been saving for years through part time work and placement year (not spending much on anything).
I rang them and they've now said I have until April to get them some proof like bank statements etc, otherwise the money is getting deducted
The real shitter is that my bank account gives me 0.66% interest on my money at the moment, yet my student loan is still charging me about 5% (follows the rate of inflation for the previous march).
its not 5% any more its like 3 or 2 something like that cant be arsed to check.
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Paul_J
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Registered: 6th Jun 02
Location: London
User status: Offline
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oh yeh 
quote:
This interest rate is based on the annual March Retail Price Index (RPI) or the highest base rate of a number of major banks plus 1%; whichever is lower.
To date, the RPI has always been the lower of the two. The reduced bank base rate plus 1% is now lower than the March 2008 RPI so we have presently adjusted the student loan rate to 3%.
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by Neo
Meh who gives a hoodle what Paul spent it on, its the fact they shouldnt be taking 259 a month, when for that much he'd have to be earning 20 something k
Incorrect...I'm a lot more than 20k something...and I dont have to pay back anywhere near that!
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Neo
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Registered: 20th Feb 07
Location: Essex
User status: Offline
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Well....specifics I aint no stoodent !!
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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My sister is earning about £18k and pays back about £259 PER YEAR.
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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quote:
Originally posted by deano87
My sister is earning about £18k and pays back about £259 PER YEAR.
Sounds a little low tbh
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sand-eel
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Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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I went without any grants or student loads, just worked and went to uni, was much easier and safer in the end 
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Fad
Member
Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline
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quote:
Originally posted by MarkM
quote:
Originally posted by deano87
My sister is earning about £18k and pays back about £259 PER YEAR.
Sounds a little low tbh
Very low it should be around the £50-60 mark a month
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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In, Paul J's case, if they're asking for £259 per month:
you pay back 9% of whatever you earn over £15,000 so to pay back £259 per month you would have to earn £49,533.33
[(((£259*12)/9)*100)+£15,000]
[Edited on 03-02-2009 by LiVe LeE]
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Fad
Member
Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
User status: Offline
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Per year mate
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by Fad
quote:
Originally posted by MarkM
quote:
Originally posted by deano87
My sister is earning about £18k and pays back about £259 PER YEAR.
Sounds a little low tbh
Very low it should be around the £50-60 mark a month
It should be £22.50 per month on £18k basic; £9% of £3000 is £270 
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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fair bit off
Sandeel did you live at home while at uni though?
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ssj_kakarot
Member
Registered: 29th Apr 03
Location: hartlepool
User status: Offline
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quote:
Originally posted by sand-eel
I went without any grants or student loads, just worked and went to uni, was much easier and safer in the end
did you go with the current fee system £3000+ a year, i work part time as much as i can and if i didnt have a loan my wages would just be able to cover my fees a year, no way would they pay for a car and petrol to get there ect ect
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