Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: MR MISTER on 28 November 2013, 07:53:01
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Student loans:
Outstanding loan debt £46 billion, expected to rise to £200 billion in the next 30 years.
About 50% of students not expected to ever earn enough to repay their debt.
£5 billion owed by students whose 'exact whereabouts' are unknown.
What it doesn't say is the number of female students who marry and never need to work. It also doesn't mention whether these loans are placed on people's credit records, thus burdening them for the rest of their lives. Does a mortgage lender take a student debt into account?
I will think very, very hard before advising g my son to go to uni.
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Depends on what he wants to do career-wise really doesn't it?
If a proper choice of subject then there isn't much option really - IMHO
However, if its just for the "Uni Experience" and in some useless subject than that's another matter altogether. It's difficult enough not being able to get a job, but being saddled with a massive debt (and yes, it does go on your credit record and mortgage companies take it into account) and having no idea where that job will come from is another thing altogether and tantamount to sleep-walking.
Jumps off soap-box and heads for kettle ::)
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I read that the Uk government sold on some of this debt. It was something like £300million for £146 million suggesting to me that a large amount would have to be chased or written off.
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question is : why schools are that much expensive ?
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besides , looking at the avg of graduates I dont think they deserve the money :-\
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
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I read that the Uk government sold on some of this debt. It was something like £300million for £146 million suggesting to me that a large amount would have to be chased or written off.
I think that was more like £900 million for £146 million.
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These days my advice to young people would be to think very carefully about going to Uni in terms of the debt you will rack up and only do it if you are going to study something specific, that means you will come out not only with a qualification, but a skill. So something like medicine, law, engineering etc ;)
I certainly wouldn't advise a media studies course or some vague 'ology' ::)
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These days my advice to young people would be to think very carefully about going to Uni in terms of the debt you will rack up and only do it if you are going to study something specific, that means you will come out not only with a qualification, but a skill. So something like medicine, law, engineering etc ;)
I certainly wouldn't advise a media studies course or some vague 'ology' ::)
PLEASE, no more lawyers! ;)
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
.. and if they never progress beyond flipping burgers, it's OUR debt. >:(
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These days my advice to young people would be to think very carefully about going to Uni in terms of the debt you will rack up and only do it if you are going to study something specific, that means you will come out not only with a qualification, but a skill. So something like medicine, law, engineering etc ;)
I certainly wouldn't advise a media studies course or some vague 'ology' ::)
PLEASE, no more lawyers! ;)
I start my law degree in February ;D ;D ;D
Gonna run up about 20K in studentloans :(
On the other hand, 20K is *not* that much - considering the sort of income I expect.
Certainly better than the one I had after doing the maths degree - and nearly killing myself with an office job :(
Agreed about the "proper" degree tho - "media studies" (whatever the hell *that* is) is unlikely to lead to a job where the degree pays for itself - unlike law :D or engineering. Or off-shore welding for that matter.
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
.. and if they never progress beyond flipping burgers, it's OUR debt. >:(
You could say that, BUT... that money goes to OUR universities. Our teachers. OUR pubs ::)
so is returned to the economy where (hopefully) it is used to increase the general wealth of the nation.
I find it quite <....> when people (newspapers!) talk about the government *wasting* money or spending *our* money - especially when it's "wasted" or "spent" in the UK.
It's being used to pay *our* wages, provide profits for *our* businesses, educate and employ *our* children.
You hear about the £50,000 toilet seat (or whatever it was) - but, as long as it was a british company who was selling them it, I can't see the problem - it's just *our* taxes being returned to circulation.
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You could say that, BUT... that money goes to OUR universities. Our teachers. OUR pubs ::)
so is returned to the economy where (hopefully) it is used to increase the general wealth of the nation.
I find it quite <....> when people (newspapers!) talk about the government *wasting* money or spending *our* money - especially when it's "wasted" or "spent" in the UK.
It's being used to pay *our* wages, provide profits for *our* businesses, educate and employ *our* children.
You hear about the £50,000 toilet seat (or whatever it was) - but, as long as it was a british company who was selling them it, I can't see the problem - it's just *our* taxes being returned to circulation.
Fair point, but, if we're going to be writing off large amounts of student loan funding why don't we just call it a grant, and award it to those studying serious degree courses where there is a high likelihood of their subsequent career putting value back into the economy?
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
.. and if they never progress beyond flipping burgers, it's OUR debt. >:(
You could say that, BUT... that money goes to OUR universities. Our teachers. OUR pubs ::)
so is returned to the economy where (hopefully) it is used to increase the general wealth of the nation.
I find it quite <....> when people (newspapers!) talk about the government *wasting* money or spending *our* money - especially when it's "wasted" or "spent" in the UK.
It's being used to pay *our* wages, provide profits for *our* businesses, educate and employ *our* children.
You hear about the £50,000 toilet seat (or whatever it was) - but, as long as it was a british company who was selling them it, I can't see the problem - it's just *our* taxes being returned to circulation.
I can honestly say that I'd never spend more than £10,000 on a bog seat...... ::) ::) ;D ;D
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You could say that, BUT... that money goes to OUR universities. Our teachers. OUR pubs ::)
so is returned to the economy where (hopefully) it is used to increase the general wealth of the nation.
I find it quite <....> when people (newspapers!) talk about the government *wasting* money or spending *our* money - especially when it's "wasted" or "spent" in the UK.
It's being used to pay *our* wages, provide profits for *our* businesses, educate and employ *our* children.
You hear about the £50,000 toilet seat (or whatever it was) - but, as long as it was a british company who was selling them it, I can't see the problem - it's just *our* taxes being returned to circulation.
Fair point, but, if we're going to be writing off large amounts of student loan funding why don't we just call it a grant, and award it to those studying serious degree courses where there is a high likelihood of their subsequent career putting value back into the economy?
cos "loan" implies the eventual repayment.
whereas "grant" means the daily fail readers start moaning about "lazy layabout students should get a bloody job instead of living off the taxpayer"
So what we get is the xact opposite of what you suggest - those studying serious courses repay the money, whereas the "fluff" courses students never have to. >:(
Which is basically the same as a grant - those earning serious money would pay it back via higher taxes. The burger flippers wouldn't pay as much.
I suppose this way is "fairer" in that the money is taken from those who benefit most from their education, rather than penalising the "self-made, left school at 16" millionaire - or the "old money, didn't get a loan, works in Daddy's office" type for that matter.
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
Nail on head. :y
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So what we get is the xact opposite of what you suggest - those studying serious courses repay the money, whereas the "fluff" courses students never have to. >:(
Exactly. :y
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When I left school in 1976 only 4% of people went on to university. This meant that almost everyone who attended walked straight into a well paid job after leaving.
Today some 40% and more go on to university......devaluing the system, and leaving many graduates with huge debt as they flip burgers in McDonalds. :-\
.
.. and if they never progress beyond flipping burgers, it's OUR debt. >:(
You could say that, BUT... that money goes to OUR universities. Our teachers. OUR pubs ::)
so is returned to the economy where (hopefully) it is used to increase the general wealth of the nation.
I find it quite <....> when people (newspapers!) talk about the government *wasting* money or spending *our* money - especially when it's "wasted" or "spent" in the UK.
It's being used to pay *our* wages, provide profits for *our* businesses, educate and employ *our* children.
You hear about the £50,000 toilet seat (or whatever it was) - but, as long as it was a british company who was selling them it, I can't see the problem - it's just *our* taxes being returned to circulation.
I can honestly say that I'd never spend more than £10,000 on a bog seat...... ::) ::) ;D ;D
It is true what you have been saying them, times are really hard, with economies like this. ::) :o :D :P ;D ;D ;D
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It should not be rocket science that if you are going to run up debts improving your knowledge and skills to make sure they are in demand when you have finished.
On of the most in demand skills and real shortages in the UK at the moment if for good computer programmers, so how have schools and universities responded to this by the number of British citizens who take computer science degrees? They are consistently falling. :( Too much like hard work for the X-factor generation to take hard degrees much easier to take sports management, leisure and tourism or journalism degrees to at the end of them get £6 odd per hour job flipping burgers. >:( >:( >:( >:(
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car painters earn more money than computer programmers here.. ;D :D
let me say ,good shops earn my salary within a week ;D ;D
and needless to say many programmers are jobless let alone new graduates.. new graduates may sell tomato and potato as a starters ;D
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Here good experience programmers working in the South East of the country earn 1.5 to 2 times average salaries. Freelance programmers working in London can earn £250 to £500 per day.
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Here good experience programmers working in the South East of the country earn 1.5 to 2 times average salaries. Freelance programmers working in London can earn £250 to £500 per day.
some years ago say 15 , it was like heaven for programmers.. I was working for a private company travelling like mad and salaires were very good but it was impossible to maintain when you get older so I changed my job, later was working for a bank where salaries were better with extras..
but things have changed drastically .. many private banks, companies go bankrupt.. some changed hands.. some sold to foriegn companies..
day by day the working market are filled by new graduates who was ready to accept even minimum salaries.. later another crisis hit and everthing collapsed.. I ended up working for govt treasury.. not bad not good but not enough.. so I started making other projects outside .. etc etc..
but nowadays programming job is not desirable anymore..