Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Please check the Forum Guidelines at the top of the Newbie section

Pages: 1 ... 3 4 5 6 7 8 9 [10]
 91 
 on: Yesterday at 12:52:35 
Started by jimmy944 - Last post by Doctor Gollum
Doing the maths last night on a Master Degree, you don't start paying until you earn over 22k pa. That's on a 10k loan,... which accrues 6% interest per annum.

So, if you walked out of Uni into a 32k per year job (ie: 10 grand over the threshold) you'd pay back 600 a year.... identical to the amount you accrue in interest! So let's say you only ever earn 32k per year for the rest of your life, you'll spend all year paying off the interest, before starting back at square one again! Christ that made me swallow hard last night!

Ok, so if I earn 42k every year forever it'll take 16.66 years to pay my Masters off... (plus what I owe on my original BA Design degree off, of course., not even taking that into account!)


Then I suppose there's a house to own at some point. And people wonder why so many are benefits scroungers??
The scrounger issue is a separate one. :-X

Although the rest of your post illustrates a valid point...

Going into debt in order to gain an degree is a futile exercise. Instead of poncing around Thailand in the name of 'finding yourself' get a job, even at McDonalds but preferably one in a field that is of interest, and work your 'dangle berries' off for a year or two.

This will achieve two things: firstly you'll have a much better idea about your direction in life, and secondly, if you do still go to university choose a course based on cost rather than prestige* and go debt free.

* Ask your self this... Did you ask your doctor/dentist/solicitor where they got their degrees? Didn't think so. If your local Tech offers the course you want to do, stay at home and do the course there.

Hindsight can be a cruel bitch at times.
What a knowledgeable individual you are  ;D Try putting some of your advice into practice, you'll be Prime Minister in no time  ::)
Sadly, I went to the wrong school ::)

 92 
 on: Yesterday at 12:48:47 
Started by STEMO - Last post by jimmy944
Yup, its another pillar of this austerity nonsense. Stop public funding of Universities and get students to take the debt personally, then you take it off balance sheet to massage your figures, at a stroke of the chancellor's pen, you write out a whole chunk of deficit. Marvellous.  ::)

On the 30%, I can't find a recent reference to where I read  :-\. But the story below has it at around 2/3 of students never repaying, so apparently things have got slightly worse in the last 2yrs, probably as a result of more establishments creeping up to that magic 9k p.a. figure.

https://www.ft.com/content/55f4a6f6-3eab-11e6-9f2c-36b487ebd80a

 93 
 on: Yesterday at 12:38:25 
Started by raywilb - Last post by terry paget
Yes

 94 
 on: Yesterday at 12:33:09 
Started by deviator - Last post by deviator
UPDATE https://eu.usatoday.com/story/news/nation-now/2018/09/19/sunspot-new-mexico-solar-observatory-evacuation-explained-fbi-docs/1365325002/

It wasn't little green men or a bad solar eclipse, it was a kiddy fiddler  >:(

I'm sure that won't stop the rumours, as it'll be seen as yet another cover up.

You are so right!  That will only fuel the conspiracy mongers to go into top gear! ;D

The "kiddie fiddler" suggestion will soon be translated to mean "ALIEN!!!" :o :o ;D ;D ;)

This story is all about the little green boys.  :o

 95 
 on: Yesterday at 12:32:20 
Started by STEMO - Last post by STEMO
Another one for you: Student debt in the US is higher than credit card debt, and that's a whooooooole lot of dosh.

 96 
 on: Yesterday at 12:30:18 
Started by STEMO - Last post by STEMO
This matter, btw, is why the discussion on charges and interest rates has been put on hold.

 97 
 on: Yesterday at 12:28:46 
Started by STEMO - Last post by STEMO
Did anyone catch the news about the National Audit Office telling the government that student debt should be shown as a negative on the balance sheet. At present, student loans are 'off book', and don't show up anywhere in government debt figures. When the NAO asked the government when these figures would start to appear, the answer was 'after 30 years, if they're not paid back'.
Oh no no no said the NAO, they must appear now, and be reduced as they are paid back.

Now the shocker......student debt is already higher than the annual budget for the NHS, (well over 100 billion) so imagine how big it's going to get if, as Jimmy says, only 30% pay it back.

 98 
 on: Yesterday at 12:24:03 
Started by raywilb - Last post by raywilb
are front lower wishbones the same on all migs ??

 99 
 on: Yesterday at 12:18:34 
Started by jimmy944 - Last post by Field Marshal Dr. Opti
Doing the maths last night on a Master Degree, you don't start paying until you earn over 22k pa. That's on a 10k loan,... which accrues 6% interest per annum.

So, if you walked out of Uni into a 32k per year job (ie: 10 grand over the threshold) you'd pay back 600 a year.... identical to the amount you accrue in interest! So let's say you only ever earn 32k per year for the rest of your life, you'll spend all year paying off the interest, before starting back at square one again! Christ that made me swallow hard last night!

Ok, so if I earn 42k every year forever it'll take 16.66 years to pay my Masters off... (plus what I owe on my original BA Design degree off, of course., not even taking that into account!)


Then I suppose there's a house to own at some point. And people wonder why so many are benefits scroungers??
The scrounger issue is a separate one. :-X

Although the rest of your post illustrates a valid point...

Going into debt in order to gain an degree is a futile exercise. Instead of poncing around Thailand in the name of 'finding yourself' get a job, even at McDonalds but preferably one in a field that is of interest, and work your 'dangle berries' off for a year or two.

This will achieve two things: firstly you'll have a much better idea about your direction in life, and secondly, if you do still go to university choose a course based on cost rather than prestige* and go debt free.

* Ask your self this... Did you ask your doctor/dentist/solicitor where they got their degrees? Didn't think so. If your local Tech offers the course you want to do, stay at home and do the course there.

Hindsight can be a cruel bitch at times.
What a knowledgeable individual you are  ;D Try putting some of your advice into practice, you'll be Prime Minister in no time  ::)

Sadly, since 1979, it's been possible for a British PM to come with a pair of tits. :-\

My late grandmother used to say of Thatcher........"she's a plucky girl for having a go but I think it's a job for a man"

I agree.

 100 
 on: Yesterday at 12:12:47 
Started by Rods2 - Last post by Field Marshal Dr. Opti
710 bhp nice

Radiator grille like a fishes mouth and highlighted in brown in case you didnt notice it at first. Not so nice.

Nissan have a website where you can register your interest in being one of the fifty owners.

It`s actually gold, it makes it looks like some cheap tat that the tasteless one known as Khan would have come out with.

Tasteless. Who would actually spend almost 800,000 on a car such as this? :-\

Pages: 1 ... 3 4 5 6 7 8 9 [10]

Page created in 0.122 seconds with 16 queries.