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Dinghy show 2013 new stuff

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craiggo View Drop Down
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Post Options Post Options   Quote craiggo Quote  Post ReplyReply Direct Link To This Post Topic: Dinghy show 2013 new stuff
    Posted: 04 Oct 12 at 8:12pm
Originally posted by boatshed


Fees at £9000 a year plus about the same again for rent/heat plus around the same again for food/beer/travel/clothes/sailing etc etc gets you pretty much at your figure now for three years at Uni.  


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 ) My parents paid for my accomodation, and I paid the rest from summer, christmas and easter holiday earnings, but even working nights only got me £3.50 an hour. Perhaps university accomodation has trebled in price in the last 15 years, but then I know of summer jobs paying £7-9 per hour for teenagers (My sister is 9yrs younger than me so I know whats out there) so the potential income is now significantly higher.

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 View Drop Down
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Post Options Post Options   Quote boatshed Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 8:23pm
Originally posted by patj

For heavens sake get it right - it's not Student Debt it's a GRADUATE TAX!!!
You don't repay unless you are earning above £21,000 these days (about £15000 for earlier starters) and it's deducted at source like a tax. You don't pay if your income drops below the threshold and the remainder is wiped out after 30 years.
Learn the facts and don't let anyone be put off going to uni because of the studemt loans system.
 
 
Pat - parent of two students.


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. 



Steve
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boatshed View Drop Down
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Post Options Post Options   Quote boatshed Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 8:43pm
Originally posted by craiggo

[QUOTE=boatshed]
Blimey which uni are you looking at ?????

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.


Steve
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patj View Drop Down
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Post Options Post Options   Quote patj Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 8:46pm
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 View Drop Down
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Post Options Post Options   Quote winging it Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 9:07pm
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.  Wink
the same, but different...

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Guests View Drop Down
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Post Options Post Options   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 9:17pm
Might be nice to do a Bethwaite tribute?
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winging it View Drop Down
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Post Options Post Options   Quote winging it Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 12 at 9:35pm
that would be a great idea!
the same, but different...

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Chris Turner View Drop Down
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Post Options Post Options   Quote Chris Turner Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 12 at 7:08am
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 View Drop Down
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Post Options Post Options   Quote Daniel Holman Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 12 at 8:20am
If the price is right, Chris..
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boatshed View Drop Down
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Post Options Post Options   Quote boatshed Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 12 at 10:30am
Originally posted by patj

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?


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.   










Steve
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