Originally Posted by Stu Monty
In 05, 06 & 07 the interest rates were 2.6%, 3.2% and 2.4%; what's with the jump up to 4.8%?
As you know, S31, I actually agree with the loan system but that interest rate is starting to move away from being justified and more towards being heavy. Is it because the base rate has gone up? What is the deciding factor in the rate changes, it is the baser rate isn't it?
Can you tell I can't be arsed digging the info out myself.
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fuck knows mate, have you seen these student loan statements? It's basically a single piece of paper which says 'you owe this, oh and you owe this as well, cheers.'
I'm of the old fashioned opinion that NO profit should be made from the student loan system at all, it should move with the demands of the economy if needs be but the minute the loans company gets a single penny more than it's doled out then that's fucking obscene IMO.
Tell you something else which is shady, the repayment threshold is 15k, which is what it was in 1999 when petrol didn't cost 1.19 a litre.
Squeeze my balls people, squeeze em hard.