UK Politics

[steviewevie]

Bring Back Boris

[steviewevie]

Tuition fees set to go up along with inflation. Inevitable.

[lazyred]

 

[steviewevie]

Mel Stride shadow chancellor and Priti Patel foreign sec...diverse...

[steviewevie]

Jenrick gets shadow justice...should be interesting...

[mattiloy]

7 hours ago, steviewevie said:

Tuition fees set to go up along with inflation. Inevitable.

 

The thing that sticks in the craw is RPI.

 

Its a weird thing to fix a loan to and puts the total interest rate similar to an unsecured consumer loan, however, unlike an unsecured consumer loan, the repayment of the loan is guaranteed through PAYE deductions for the vast majority graduates so the risk of non payment is limited to the risk of the student not earning enough to pay it off in full, so it’s not really unsecured, it’s secure in so far as it’s easy enough to model the proportion of students who will pay off and set the pricing accordingly, as they have. They also control whether or not thresholds rise, so can rig it if the forecast is wrong. That way they keep generating nice little loan portfolios each year to flog to investors.

 

Then the premium on RPI vs CPI in recent years is also caused by decades of failed housing policy, which incidentally also means that both students and graduates pay a kings ransom in rent.

 

Is there a worse country in europe to be a young person in 2024? 

[lost]

I'm not sure how many people actually manage to pay it off nowadays? Aren't we now effectively in the position where graduates pay 9% extra in tax.