Quote:
Originally Posted by downquark1
It is certainly a tax/loan hybrid. As loans go it is far too generous and as taxes go it is far too conditional.
It isn't really a bad deal - IF the tuition fees were reasonable, since you can bung any excess money into investments which normally outgrow the interest.
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It's nowhere near as generous as the system a few decades ago; grants and nothing to pay back. Most of today's politicians benefited from that .
Another example of the generational divide and the crap deal/future young people have.