T
The Partisan
Guest
So get a job and study part-time if you don't want to pay the fees. Taxpayers do not owe you a living. The OU runs courses that are graded as the same in quality as the Russell Group universities and cost just £700 a year. No one is being prevented from gaining a quality education.
Exactly....Take this as an example...
Student has debt of £30k......Interest on that is at rate of inflation (say 4% per annum)....That eqautes to £1200 in interest in year 1....
Now assuming the student becomes a teacher....
Year 1 Salary 21k Interest on loan £1200 repayments £60 (£5 per month)
Year 2 Total debt is now £31,140 Salary is £23k Interest on loan is £1245 repayments £180 (£15 per month)
Year 3 Total debt now £32205 Salary is £25k Interst on loan is £1288 repayments £300 (£25 per month)
Year 4 Total debt now £33193 Salary is £27k Interest on loan is £1327 repayments. £420 (£35 per month)
Year 5 Total debt now £34520 Salary is £29k Interest on loan is £1380 repayments, £540 (£45 per month)
Year 6 Total debt now £35900
Anybody seeing a problem here![]()