Nah, you're fine, you're on the tax based loan, it was changed for academic year starting 1998 or 1999 (as in, I can't remember if I was 1st or 2nd year to benefit from the sensible change for my currently extant loan, my earlier loan for year starting 1993 was paid off on the way Andrew describes).
And yes, the current system is not described as a graduate tax because Labour promised no new taxes. So they created a system that works exactly like a graduate tax, and called it a loan.
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I'll burn that bridge when I come to it, I guess. I'm not going to have a job for ages.
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And yes, the current system is not described as a graduate tax because Labour promised no new taxes. So they created a system that works exactly like a graduate tax, and called it a loan.