G.C.S.E's

Bit of an unfair comment?

Some of my lot have mortgage commitments or have been forced to live in places through work that simply doesn't allow them to pay back anymore than £100pm.

From my experience in education (Uni, A levels, school) I found that the hardest working always achieved the best results regardless of intelligence. For instance at Uni during lab practicals people who were getting say 90% on essays struggled to use their intellect
to interpret data and just simply crumbled when there were no books about to tell them what to do next. However their hardwork cancelled out the poor marks obtained during practicals.

It doesn't work like that, you pay a percentage of your wage above the threshhold, so regardless of "if you want to" you have to pay it back, so if you'r eearning a good wage it doesn't take that long.

Bit of an unfair comment?

Some of my lot have mortgage commitments or have been forced to live in places through work that simply doesn't allow them to pay back anymore than £100pm.

You totally missed my point...

Most of my friends are earning around £1500pm living in London and further afield, hardly doomed with a lack of prospects or opportunities? That said, there deducted around 10% from the £200-250 that there earning over the threshold. So there required to pay back at least £20pm but chose to pay around £100 to get the debt down quicker (given there circumstances: Mortgages / Living away from home). Which will take around 20 years to pay back if they either a) They never get a pay rise or b) can't afford to increase payments on the salary they currently earn.

Not sure how long your 'not that long' equates to but given the above scenario, you'd have be earning just shy of £40k pa to get a £25k debt paid back in less than 10 years. Like I said, no thanks.

I started payin mine back when start earning over 15k per year. My loan was 13k when leaving, and now pay around £70 per month 2wards it

Well 40k isn't that much tbh for someone who graduated from a good degree from a good uni. But we can agree to disagree.

For someone finishing uni with a first, still young and a first job and chance in the real world, 40k is a good start, and can't expect much more really considering the climate, etc.

If you were being paid 40k a year you'd be paying a lot more than 70quid a month.

Probably around £115, if the rate of increase does not amplify

at 40k you'd be paying around 200/month.

Depends what field you go into really and the demand for the profession. Most of the people I know who graduated from uni started on 30+ some more.

Uni's a blast anyways regardless of the debt!

Like I said it depends on area/profession. The figures are always skewed by media students now serving you beer in wetherspoons or a big mac in maccy d's.

I'm only going from my experience so no doubt that will differ from everyones but as I've said 30-40k starting after uni wasn't too hard. Hell I got that with a 2:2.

Anyway, back to my original point, paying off your student debt won't take 25 years. All 26k of mine is gone in 4.

reguards grades - its all bullshit - i just got full marks with distinctions all round for my dipolma in every subject in arb and forestry - its all numbers to make schools/ colleges look good

not that i dont know what i talk about just i was never there most of my 2nd year

Aye spot on - I was told after I made the shittest excuse ever to skive the mok-exams just before the real ones I would not get my predicted grades and ended up doing even better - think tbh the weeks break did me good, ha.

Generally people I know did much better than expected - think the schools are more for making profit & expanding in any way they can these days - they charge you for anything they can these days and are always fundraising with this or that (my sis has just left and she was always asking for money for school) - at least it prepares you for the real world anyways!