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Originally Posted by Damien
Well....considering I am not very good at maths  I'll trust ya 
So if the intrest is 7% and theres a loan of £10,000 (which is quite a low loan). It would depend on when you pay it back weither your better off or not and the actual size of the loan. Basically if you live at home and dont pay for living, youre away  If you stay at the UNI then you could be worse off  . If you get a resonible job upon leaving Uni you would be alright. But what is they want to stay to take there degree on a bit? Or they dont get a job right away? Doesnt this system hasten up the need to start earning  |
It could be intended as a disincentive to those who think they can avoid ever paying the loan off by remaining below the repayment threshold?
To be honest, you have to try really, really hard to avoid getting a job if you leave University with a half-decent degree in a worthwhile subject.