andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2009-06-11 12:00 pm
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[identity profile] marrog.livejournal.com 2009-06-11 02:21 pm (UTC)(link)
Ah, right. I didn't actually read to the end of the article.

You pay a percentage of whatever you earn over a certain amount. I think the threshold is around 15k right now, so I guess if you're only on 16k you probably won't be paying much per month, but it's probably still over £5. However, given you pay a flat percentage rate (I think 9%) of everything you earn over the threshold the repayments for those on 40k would be... around £190 a month? So they're still paying less than on the current system too.

[identity profile] marrog.livejournal.com 2009-06-11 02:59 pm (UTC)(link)
Yes, I wasn't saying that the scheme they were suggesting actually replaced the current one, only that it was basically proposing the same system that's already in place for loans. Of course, those only hard hit the poor kids who couldn't afford uni in the first place, and I don't know what happens with their fees in the rest of the UK but I'd assume they're covered by a separate loan/bursary scheme which I'd bet is paid off in the same way already.