Rossiter Pintail Mortagne sur Gironde, near Bordeaux |
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Laser 28 - Excellent example of this great design Hamble le rice |
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Laser 140101 Tynemouth |
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List classes of boat for sale |
Dinghy show 2013 new stuff |
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craiggo ![]() Really should get out more ![]() ![]() Joined: 01 Apr 04 Location: United Kingdom Online Status: Offline Posts: 1810 |
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Blimey which uni are you looking at ????? £18k a year for accomodation, food & drink is ludicrous unless your little one is at Reading Uni, rows at Leander and eats every night at the Fat Duck in Bray. OK I went to Uni between 95-99 when accomodation was about £3600 for a year and I spent about the same on food drink and beer and sailing (although I did get a student loan to buy my Laser ![]() Every year there seems to be a big effort by Students to make out that they are the worst affected ever, but in reality most have no concept of what has gone before. I fully agree with Dans statements, and would even go so far as saying that children should understand the value of money well before they ever reach the age of 18. H&S over-reaction is now preventing a whole generation from learning an important lesson. No longer are 13yr olds allowed to do multiple paper rounds, work at their local shop as a shelf stacker, or as a pot washer for the local butchers (my early careers 13-17) instead they are encouraged to hang around street corners spending mummy and daddies hard earned dosh. And as for the students doing half baked degrees in powerpoint or media studies!!!! they really ought to think a bit more about their future before entering into the financial shackles of university. Far better to get work and life experience in anything rather than wasting it doing a no hoper degree for 3-4yrs. When I was at Uni the unions were petitioning and protesting about the proposed fees, I for one felt and still think they are a damn good idea. Hopefully society will realise that not everyone is suited to uni and that the vast majority would benefit from being put straight to work, or in apprenticeships. Rant over (phew I feel better now!) Edited by craiggo - 04 Oct 12 at 8:14pm |
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boatshed ![]() Far too distracted from work ![]() Joined: 12 Apr 05 Online Status: Offline Posts: 457 |
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Serious drifting now. You are wrong. It's a debt. The debt is provided by the Student Loans Company. It is an appalling to encourage naive young people to saddle themselves with such a large debt with a sales pitch that pretty much endorse a message that it's not necessary to pay it back. And I see you've swallowed that. I agree that a degree that gets you into a job that will easily pay off the debt is ok. That may be a good use of the debt. Pretty much the only debts not allowed to be discharged in a bankruptcy court are criminal debts and student debts. |
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Steve
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boatshed ![]() Far too distracted from work ![]() Joined: 12 Apr 05 Online Status: Offline Posts: 457 |
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Opps, you're right. The accommodation etc is around £6k and the food/living the same. So, with the fees at £9k, you are still looking at say £20k per year. In 15 years time that will be double, so, nearer £120 for a three year course. The £9k pa fees makes Oxbridge look great value since every uni good or rubbish seem to charge the max. |
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Steve
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patj ![]() Really should get out more ![]() Joined: 16 Jul 04 Location: Wiltshire Online Status: Offline Posts: 643 |
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So what's the difference between today's students not paying back because they've never earned enough and those like myself who had full grants for uni and never had to pay back?
And yes I am still working in my degree subject, thirty five years after graduating.
As for the Dinghy show how about some boats that aren't just grey (with grey ropes), black or white? Which anniversary is it this year so we can get some nice looking boats in the West Corridor again?
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winging it ![]() Really should get out more ![]() ![]() Joined: 22 Mar 07 Online Status: Offline Posts: 3958 |
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Pat, it will not surpise you to know I am waiting for the Proctor anniversary. I agree about the dull boats. I think we should have a special exhibition of bright yellow boats.
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the same, but different...
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Guests ![]() Guest Group ![]() |
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Might be nice to do a Bethwaite tribute?
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winging it ![]() Really should get out more ![]() ![]() Joined: 22 Mar 07 Online Status: Offline Posts: 3958 |
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that would be a great idea!
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the same, but different...
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Chris Turner ![]() Posting king ![]() Joined: 09 Jul 06 Location: United Kingdom Online Status: Offline Posts: 142 |
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How about a Bright Yellow 59er?
Anyone want to buy that? Dont even get me started on Uni students....
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Daniel Holman ![]() Really should get out more ![]() Joined: 17 Nov 08 Online Status: Offline Posts: 997 |
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If the price is right, Chris..
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boatshed ![]() Far too distracted from work ![]() Joined: 12 Apr 05 Online Status: Offline Posts: 457 |
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The simple fact that the debt is the liability of the graduate. It's a private debt and not a government debt. Your ( and my) grants were the burden of the tax payer and for the country it's been a good investment as you, 35 years later, are still paying tax. Me too but fewer years. Without a high paying job to quickly pay it off, student debt will effect the ability to further borrow in the future ( house loan, business loan etc). And as I have mentioned before, this debt cannot be discharged in bankruptcy court. The debt issuer, the Student Loan Company is a quasi private business. It can and does alter (upwards) the interest rates charged on the loans. Until 2012 the rate was the lower of BoE base + 1% or the RPI. The RPI is currently 2.6%, so, the lower rate is 1.5% (BoE base at 0.5% + 1%) applied. From 2012 that has changed drastically for the worse. The interest rate is now RPI + 3% = 5.6%. By comparison, a quick Google shows there are any number of mortgages available for less than 3%. So the Student Loan Company is no longer supporting students with cheap ( think: 'not for profit' ) money but profiting handsomely from students. The switch to an RPI only standard is very dangerous with the worlds central banks doing endless quantitative easing. This will feed inflation of commodities which will directly increase RPI and we can now see this QE driven inflation every day in fuel, transport and food prices. But not necessarily wages. In simple terms, a £50,000 debt will attract around £3000 pa in interest at the the current rate. The interest is applied the moment the loan is issued September of every term. Critically, this interest is compounded until it is serviced by earnings. I believe there is a very real danger that many students entering lower paid jobs will be enslaved by this debt for much of their working life. |
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Steve
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