20th March 2009, 04:45 PM
I beleive we had a discussion on BAJR about student loans a couple of years back.
I pointed out then (and repeat it now) that in Scandinavia it is not unusual for students to be at or close to ?40,000 in debt by the time they finish their education. My Norwegian father in law who has worked as a relatively well paid geologist since graduating in the early 70s, finally paid off his student loan at the age of 53!!
Whilst the government will claim that student debts are only repayable when salary reaches a certain level, they fail to tell you some disadvantages i.e try talking to a mortgage broker when you are on a low income and have a putative student debt of ?30,000; having to inform the student loan board and get permission if you want to leave the UK to work abroad etc etc.
And that's before we start talking about top-up fees.....
![[Image: 3334488270_7156e71b8b_t.jpg]](http://farm4.static.flickr.com/3405/3334488270_7156e71b8b_t.jpg)
With peace and consolation hath dismist, And calm of mind all passion spent...
I pointed out then (and repeat it now) that in Scandinavia it is not unusual for students to be at or close to ?40,000 in debt by the time they finish their education. My Norwegian father in law who has worked as a relatively well paid geologist since graduating in the early 70s, finally paid off his student loan at the age of 53!!
Whilst the government will claim that student debts are only repayable when salary reaches a certain level, they fail to tell you some disadvantages i.e try talking to a mortgage broker when you are on a low income and have a putative student debt of ?30,000; having to inform the student loan board and get permission if you want to leave the UK to work abroad etc etc.
And that's before we start talking about top-up fees.....
With peace and consolation hath dismist, And calm of mind all passion spent...