Jeremy Corbyn (Vol. 3)
Discussion
SpeckledJim said:
Whilst I don't agree with the policy, I don't think removing fees in the future (whether tuition, or parking, or whatever) means you have to give back any fees paid in the past.
We won't get rebates on tax paid in 2010 when a change is made to tax rates in 2020.
My local council put in place a £10 charge for emptying the garden waste bin. When they decided the scrap it a year later they gave the tenners back to those who had paid it.We won't get rebates on tax paid in 2010 when a change is made to tax rates in 2020.
Baby Shark doo doo doo doo said:
Lots of support in Dudley
https://www.facebook.com/groups/Gornalwatch/permal...
Funnily they were just showing that on the Beeb https://www.facebook.com/groups/Gornalwatch/permal...
- warning** this production may contain some naughty words that may offend younger readers
rdjohn said:
If you like a good bedtime fairytail then McDonald’s grey book makes even better reading than the Labour manifesto.
But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all. But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
RushDom said:
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
That is called growing up and smelling real life, perspective and maturity comes into your life.The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
RushDom said:
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Good point. Graduate debt is the wrong description. It should be "a slightly higher rate of tax above earnings of £26,000, no matter whether your debt is £40k or eleventy billion". Oh, and it's written off later in life.The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Not debt in the usual sense.
Dont like rolls said:
RushDom said:
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
That is called growing up and smelling real life, perspective and maturity comes into your life.The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Also, also, that should fit in with a socialist regime, surely?
Dont like rolls said:
RushDom said:
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
That is called growing up and smelling real life, perspective and maturity comes into your life.The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
I am 27 and pay back about £250 a month so it will probably be cleared when I am about 35.
Scrapping fees is a silly move but I think the £3k or so a year I paid was more reasonable.
I personally would not have gone Uni if the fees were £9k which was only a couple of years after I finished. The issue then is £40k of debt and even on £50k which is what I am on I now I would only be paying about £180pm and with interest taken into account it would take about 35-40 years to clear which is silly. The government will end up writing massive amounts off as I have a decent job for my age and on that plan I would still struggle to clear it before retirement.
RushDom said:
rdjohn said:
If you like a good bedtime fairytail then McDonald’s grey book makes even better reading than the Labour manifesto.
But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all. But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Also fine unless your income increases significantly, which it might in say 10 years time, by which point you have 15 years to pay off a 100k debt.
Or more accurately if you're 'unlucky' enough to earn just the right amount to clear it within 30 years the totally amount payable will be eye watering.
I'm on the older system so it was about 1.5%, I think it's a little more now but still only around inflation. I was paying back around 200 a month and have about 5k to go before being medically discharged last year, since which I haven't paid a penny. It didn't take the SLC long to send out threatening letters enquiring why I had had stopped repaying. It also coincided with my loan being sold off to a private company, I don't think they were too impressed.
Edited by ChocolateFrog on Thursday 21st November 19:52
ChocolateFrog said:
RushDom said:
rdjohn said:
If you like a good bedtime fairytail then McDonald’s grey book makes even better reading than the Labour manifesto.
But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all. But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Also fine unless your income increases significantly, which it might in say 10 years time, by which point you have 15 years to pay off a 100k debt.
greggy50 said:
If you get a decent job (one where it was worthwhile going to Uni) then you will pay your student loan back in full or thereabouts before it expires on a Plan 1.
I am 27 and pay back about £250 a month so it will probably be cleared when I am about 35.
Scrapping fees is a silly move but I think the £3k or so a year I paid was more reasonable.
I personally would not have gone Uni if the fees were £9k which was only a couple of years after I finished. The issue then is £40k of debt and even on £50k which is what I am on I now I would only be paying about £180pm and with interest taken into account it would take about 35-40 years to clear which is silly. The government will end up writing massive amounts off as I have a decent job for my age and on that plan I would still struggle to clear it before retirement.
I don't follow. Why is it bad that most people won't pay off the full amount of the debt? That just reflects the fact that it is, in substance, a graduate tax with a cap on total payments. I am 27 and pay back about £250 a month so it will probably be cleared when I am about 35.
Scrapping fees is a silly move but I think the £3k or so a year I paid was more reasonable.
I personally would not have gone Uni if the fees were £9k which was only a couple of years after I finished. The issue then is £40k of debt and even on £50k which is what I am on I now I would only be paying about £180pm and with interest taken into account it would take about 35-40 years to clear which is silly. The government will end up writing massive amounts off as I have a decent job for my age and on that plan I would still struggle to clear it before retirement.
If it was just renamed "graduate tax" and the money was paid directly to the university, rather than lent to the student, there could be none of this faux outrage from the left.
Mothersruin said:
ChocolateFrog said:
RushDom said:
rdjohn said:
If you like a good bedtime fairytail then McDonald’s grey book makes even better reading than the Labour manifesto.
But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
If you're 23 and earning a pittance, then chances are you aren't even paying back any of your student loan at all. But then if I was 23, with a load of uni-debts, poor pay and no chance of getting on the housing ladder, then I would vote for it.
It would be rude not to - all my mates are in the same position.
The myth that graduates are groaning under the weight of debt is utter nonsense. I graduated 4 years ago and the amount I have paid back so far is so tiny it's utterly laughable.
Also fine unless your income increases significantly, which it might in say 10 years time, by which point you have 15 years to pay off a 100k debt.
Show me any other loan that works like that.
AJL308 said:
Earthdweller said:
Just listened to McDonnel on Politics Live point blank refusing to answer how many council houses the Welsh Labour Govt had built and then blaming Tory austerity for them only building 59
The veneer was starting to slip .. “wait till you see a Corbyn Govt”
There’s a real nastiness in McDonnell and it was starting to show through
We won't though, not in any meaningful sense anyway. He's the "useful idiot" put there to get support and the young and the gullible are falling for it. As soon as he's won he'll be sent "Hill Walking".The veneer was starting to slip .. “wait till you see a Corbyn Govt”
There’s a real nastiness in McDonnell and it was starting to show through
‘f
k this, I hope they get in just to remind the credulous in years to come that the hard left really are able to build a highway to hell out of other peoples money’. Absolutely bonkers stuff, and yet I still have my naive brother talking about voting for his local labour mp even if he disapproves of Corbyn, cos y’know ‘Tories’...Nice one. See how that works for him as she props up this shower of tin pot chavistas.
ORD said:
greggy50 said:
If you get a decent job (one where it was worthwhile going to Uni) then you will pay your student loan back in full or thereabouts before it expires on a Plan 1.
I am 27 and pay back about £250 a month so it will probably be cleared when I am about 35.
Scrapping fees is a silly move but I think the £3k or so a year I paid was more reasonable.
I personally would not have gone Uni if the fees were £9k which was only a couple of years after I finished. The issue then is £40k of debt and even on £50k which is what I am on I now I would only be paying about £180pm and with interest taken into account it would take about 35-40 years to clear which is silly. The government will end up writing massive amounts off as I have a decent job for my age and on that plan I would still struggle to clear it before retirement.
I don't follow. Why is it bad that most people won't pay off the full amount of the debt? That just reflects the fact that it is, in substance, a graduate tax with a cap on total payments. I am 27 and pay back about £250 a month so it will probably be cleared when I am about 35.
Scrapping fees is a silly move but I think the £3k or so a year I paid was more reasonable.
I personally would not have gone Uni if the fees were £9k which was only a couple of years after I finished. The issue then is £40k of debt and even on £50k which is what I am on I now I would only be paying about £180pm and with interest taken into account it would take about 35-40 years to clear which is silly. The government will end up writing massive amounts off as I have a decent job for my age and on that plan I would still struggle to clear it before retirement.
If it was just renamed "graduate tax" and the money was paid directly to the university, rather than lent to the student, there could be none of this faux outrage from the left.
As mentioned I will clear all mine by about 34/35 as it's Plan 1 and I earn decent money for my age for someone well outside of London.
On the Plan 2 you need to earn £25k to pay anything and really need to be on about £40k just to cover the interest so I can see the vast majority being wrote off.
£3k per annum for Uni seemed fair but £9k and the loss of earnings for 3 years is just not worth it imo for a lot of the people who go.
IIRC the current annual cost of covering our existing debt is c£48bn per year.
Given the increase in spending planned is coming mainly from additional borrowing , I don’t see any calculations as to what the interest payments will be, I’m guessing somewhere near £100bn a year, or more than the current annual education spend.....
Madness
Given the increase in spending planned is coming mainly from additional borrowing , I don’t see any calculations as to what the interest payments will be, I’m guessing somewhere near £100bn a year, or more than the current annual education spend.....
Madness
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