You are reading a single comment by @christianSpaceman and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@christianSpaceman
Both the 80K and and the OT will both have to repay the full amount right?
Not nitpicking you but can someone explain this to me. I believe the current student loans are paid back only when you earnabove a given threshold. What then is the difference in the new proposals? Surely people currently only start paying back above a certain threshold anyway so the only difference is a tripling of the principal along with a massive rise in interest payments.
In anycase presumably everyone will have to pay back the full amount so a £30k loan paid back in tiny amounts will still be around peoples neck well into their 40's.