Student Loans Petition

[Walleee]

Just got this e-mail through the inntranet at college, the jist of it is the government take money from you every month, they keep that, making interest on it, and then pay the student loans company your money at the end of the year, if your loan has interest, it means you are also getting bummed in that your not repaying when the money is taken from you.

'For most unsuspecting graduates who are paying back their student loans, the inland revenue takes payments directly from your employer in the same way as they take tax. i.e. the more you earn the more you pay, this includes bonuses etc. However after taking monthly amounts the inland revenue does not pay this directly to the student loan company, instead they wait until the end of the financial year in April and then pay the entire year off to student loans.

The effect of this is that the inland revenue hold on to your monthly payments for up to a year earning themselves interest, during the same period because student loans have not received these funds they in turn charge the graduate interest on the outstanding amount even though it has been paid to the inland revenue.

Bottom line is that for those in this position we pay interest to student loans on money which has

been taken from our accounts which the inland revenue keeps and earns interest on.

Personally I didn't sign up for this and it makes me MAD! I have researched this and there are others who have become aware of this and I plan to join the fight!

As a start I strongly suggest you sign up to the on line petition below. I am looking into the

legality of what is being done to us as I can see no other description for this other than THEFT!!!!

Sign up now and join the fight.

Send this to everyone! I will be forwarding dates for the march on

Parliament!

http://petitions.pm.gov.uk/Student-loans/

[Tony Harrison]

Sounds like a good point, but it seems there are a couple of these kinds of petition (i.e. petitions through that site) every week on here...

[Andy P]

Get a job.

Andy P

[Tony Harrison]

No, you idiot, read the f**king thread! This about people who have a reasonably well paid job and are PAYING BACK their loan...

[Krisboats]

So let me get this straight? The money from the loan gets payed, they keep the interest, then the loan becomes bigger because the interest mounts up? So I'm gonna be paying more so they can make some more money?

Thats skanky as f***! If i did the same with my bills they'd not be very happy.

Why arent you paying your bills sir?

Well i figured if i pay them back at the end of the year i get to make interest on it and you still get your money.

Erm, no, it doesn't work like that sir.

Sorry if i got it wrong, i have a headache and can't concentrate on reading all that text.

[poopipe]

etc.

thats pretty much the size of it. still, at least you younguns arent getting raped like we did when they first kicked em off - "it's interest free till you graduate - honest"

wankers - I'm still paying them £100 a month

[downhill_rob2@hotmail.com]

They could always just stop lending you money.

Students... get a job work instead of lazying.

[Walleee]

Get a job.

Andy P

Mate, from previous post's you seemed dead on, now I just think your a bit bent.

I have f**kin' a job, which is what makes me realise that if i don't go to uni and get a degree, that i'll be stuck in twenty years time like the arseholes I work with, getting paid the same as now but doing 'supervising' jobs. f**k that me thinks.

Surley it's a better idea to get an education, and then get a job, hopefully earning more money or at least putting yourself in a position where you can at least try to get higher paid jobs.

I know that when I go to uni, I will not be un-employed, I will HAVE to work, otherwise I wont be able to survive, it's as simple as that.

If they stopped lending us money, then the UK would end up a mess, think about what your saying before you blurt it out guys. I posted this in hope that some people might actually help, I find it funny that those who are at uni, have read the topic properly, while those who are not don't seem to 'get it.'

[Simon]

I think Andy just didn't read the thread properly, and i think that was pretty clear, so bit harsh really...

I never got a student loan, was never in education long enough.

[Walleee]

I think Andy just didn't read the thread properly, and i think that was pretty clear, so bit harsh really...

I never got a student loan, was never in education long enough.

He did put himself in the firing line.

If he didn't read the thread, then he's only himself to blame, my response certainley wouldn't have been what it was otherwise.

[craigjames]

sounds like different parts of the government are having each other on in competition for points from mr brown. its wrong really! and it is in a sense theft.

and getting a job is the whole idea of going to uni really, just giving yourself potentially a better start.

signed

[munkee]

To be honest, why bitch and moan? you took it out which has risk. Just because it has the word "student" in the name doesnt mean it is risk free compared to a standard loan. Just be thankful you dont have to pay it off until you are earning unlike a "real" loan would have you doing.

[Walleee]

To be honest, why bitch and moan? you took it out which has risk. Just because it has the word "student" in the name doesnt mean it is risk free compared to a standard loan. Just be thankful you dont have to pay it off until you are earning unlike a "real" loan would have you doing.

Because The government are doing something we can't do due to their position. They make us pay every month, so that they accumulate the money over 12 months, and make interest on it before paying the loan company, which is paid on a yearly basis.

If we were allowed to pay on a yearly basis, that interest the government is earning would be given to us, meaning we could probobly pay off our loans quicker, and start making profit.

[munkee]

Because The government are doing something we can't do due to their position. They make us pay every month, so that they accumulate the money over 12 months, and make interest on it before paying the loan company, which is paid on a yearly basis.

If we were allowed to pay on a yearly basis, that interest the government is earning would be given to us, meaning we could probobly pay off our loans quicker, and start making profit.

Why should YOU make profit? The government/banks are doing YOU a favour by lending money. If they want to screw you for more then they can its as simple as that, its not in their interest one bit for you to pay off a loan quicker. If anything they want you to spend the rest of your life paying for it. If you were in "their" positon then im sure you would do exactly the same. After all the money isnt yours to start with.

[plainlazy84]

I'm suprised if the whole system won't implode soon anyway. The number of graduates has shot up over the last few years yet the supply of well paid jobs in the UK is no where near as high. There are going to be so many loans that will never get paid off.

[Prawny Baby's Baby]

If an independent company did that I can guarantee they would have had the trading standards on their back by now. It is unfair to be charged interest on something you have already paid.

This is not a case of your a student you should get a job, you asked for they money so now they can do what they like. This is a case of the government screwing people over.

With out students going to University you have no one to do the highly skilled jobs that are needed in this country, with out the student loan many people would simply not be able to afford it. If you are doing a full time course you find you have a lot of lecture and a lot of work to do, a weekend job (which is all you would have time for with maybe the odd evening) is not going to be able to pay yourself though Uni.

I find it disgraceful the government can do that, but more disgraceful that someone you are supporting them.

[Walleee]

Why should YOU make profit? The government/banks are doing YOU a favour by lending money. If they want to screw you for more then they can its as simple as that, its not in their interest one bit for you to pay off a loan quicker. If anything they want you to spend the rest of your life paying for it. If you were in "their" positon then im sure you would do exactly the same. After all the money isnt yours to start with.

why should I make a profit? because im the f**ker who's worked for the past 4 years to even get considered to get into uni and by the time i've left I expect it to be worth something. Like prawn's lady said in the long run it's not just the individual that benefits.

Why should those who do f**k all work all their lives get income support? why should they get housing benefit paid for if they arn't going to get off their arses and help themselves? (im not saying people shouldn't get the above, but trying to show you another point of view) at least by going to uni student's are 'supposedly' trying to make something of themselves, in order to help (for the majority of us) the UK continue to be the 'great' country we are.

Those of you who are slating student's, have you ever actually been one, properly? I find it hard to believe anyone without mummy and daddy's money can think that 'students' are sponging git's if they've actually been on for any length of time. (ie. completed a course)

Edited March 26, 2007 by jake1516

[munkee]

If an independent company did that I can guarantee they would have had the trading standards on their back by now. It is unfair to be charged interest on something you have already paid.

This is not a case of your a student you should get a job, you asked for they money so now they can do what they like. This is a case of the government screwing people over.

With out students going to University you have no one to do the highly skilled jobs that are needed in this country, with out the student loan many people would simply not be able to afford it. If you are doing a full time course you find you have a lot of lecture and a lot of work to do, a weekend job (which is all you would have time for with maybe the odd evening) is not going to be able to pay yourself though Uni.

I find it disgraceful the government can do that, but more disgraceful that someone you are supporting them.

Eh?...

If students didnt go to university then the country would just attract highly skilled workers from other countries who will work for less money. Its already happening in this country to a large extent (dentists/privatisation). A student can not complain about having to pay for a loan. I know for a fact english, psychology and media students have sweet f**k all lectures during the week. Infact i will go as far as saying you could get away with a full time job and have someone pick up notes for you to pass the degree. Its a complete joke that people even consider going to university to study such shite in my opinion. Then they are the ones that seem to bitch the most about having to pay for loans etc. Uni costs money its a simple fact, the government offer loans to allow people who are not so "well off" the chance to go to study further education. The problem is it seems that they dont understand how a debt ridden labour government works. Some online petition isnt going to change anything and lets face it why bitch and moan about the amount you are getting "screwed out of". I know people who pay £30 a month towards their student loan infact, there are people who pay even less. So when you are worrying about figures like that you are losing out on what? and extra £20 a year max?.

Even on the off chance that this gets sorted, the government will get the money back out of you somehow. Whether its by influencing a rise in tuition fees, basic tax rates or whatever. There's literally no point bitching about it and in my opinion you are faced with a lot bigger problems like inheritance tax which is just down right disgusting.

[munkee]

why should I make a profit? because im the f**ker who's worked for the past 4 years to even get considered to get into uni and by the time i've left I expect it to be worth something. Like prawn's lady said in the long run it's not just the individual that benefits.

No, in your previous post you made it seem as if you want to make profit from a student loan, which you certainly wont do. University doesnt mean you are going to get the gods gift of jobs it just increases your chances on landing a half decent job, which if you have chosen a decent degree will open up in to bigger oppertunities.

Why should those who do f**k all work all their lives get income support? why should they get housing benefit paid for if they arn't going to get off their arses and help themselves? (im not saying people shouldn't get the above, but trying to show you another point of view) at least by going to uni student's are 'supposedly' trying to make something of themselves, in order to help (for the majority of us) the UK continue to be the 'great' country we are.

As i said before, labour government. Why do you think tony blair bought in the postal vote? simply because the majority of people who want labour cant even be arsed to go to the town hall to make a vote. Next elections i expect a telephone/online voting system to come in, which will no doubtedly favour labour.

Those of you who are slating student's, have you ever actually been one, properly? I find it hard to believe anyone without mummy and daddy's money can think that 'students' are sponging git's if they've actually been on for any length of time. (ie. completed a course)

Im sure no one has accused students of being sponging gits. I would say the majority are cheaky c**ts who think they have more rights to things than they actually do.

[Krisboats]

Sorry chris, i have to disagree with you on this one.

My art course isn't an easy one. I have a lot of work to do and i have to be in from 9.30 till 4.30 everyday unless i blag a day off (which results in more work needing to be done). I'm working hard so that one day i can have the neccessary skills to do something i enjoy, like designing custom logo's doing concept art or even designing computer game characters. Not something as important as being a doctor, but none the less... its something i want to do.

When i've finished my course (or should i say IF i finish ) i don't want to have to pay my loan every month while the government earns interest on it like they do. If i was able to keep the money in a savings account myself until the end of the year and earn interest on it, my loan would be payed off quicker and my debt wouldn't have been unnecessarily dragged out for longer than it needs to have been or become as large as it will do once its all mounted up.

If i can reduce the time it takes to pay the loan i will, if its something as small as writing my name on an internet form and passing the word on then i will gladly do it. And as your in the same situation i would imagine, i don't get how you have such an unusual perspective on it.

[munkee]

Its not being unusual its being realisitic. If everyone in this thread were so outraged by what was happening why dont they write a letter to tony blair themselves? simple facts are not even they care enough to pull their fingers out and be pro active. Signing a petition on the internet is the easy way out for people to kid themselves in to thinking they have actually helped the cause. When really all they have done is sweet f**k all.

I never labelled art as a subject being worth sweet f**k all, it is one of those courses that you can either do or cant do. Its a natural skill so why should it be shunned? however im going to stick by the other subjects i mentioned as i see them completely pointless unless you want to go in to teaching. Oh by the way it would actually be nice to see some actual evidence of this interest bashing that the government is doing. I know its very easy for people to blow things out of proportion on the internet, add in little bits to make their argument seem a lot more powerful than it really is. All ive been trying to say is i dont understand why you are actually trying to fight the system, with an internet petition. Its like top up fees... students went marching about doing this and that to try and stop it happening... got them no where and i would say thats about as pro active as they could have got.

lmao just read the first post again.. all of this has been kicked off because of intranet email? oh dear if i believed everything like that i would have sent my life savings to some bloke in nigeria with the promise of getting my 3 million unclaimed lottery money back in return. Oh god.. the guy who made the petition cant even spell salary.. seriously people.. this is a joke

edit: found how to get rid of the italics woo

Edited March 27, 2007 by Spacemunkee

[Walleee]

When I said proft, I meant earning back more than the money I took out on loan. sorry for the confusion.

I see your point about how one petition wont do much good, if by posting this only one person has realised what's going on (and it seems kris at least has) then im happy enough that at least people know what's happening with their money.

[Andy P]

Lol, no I didn't read the whole thread and my response was a joke. When I was a student I had all the "get a job" comments etc - I just wanted a chance to use it myself lol.

Oh well.

Andy P

(still not read the topic, but what ever it is, good luck with it. I was a skint student once before...now I'm just skint)

[Walleee]

Lol, no I didn't read the whole thread and my response was a joke. When I was a student I had all the "get a job" comments etc - I just wanted a chance to use it myself lol.

Oh well.

Andy P

(still not read the topic, but what ever it is, good luck with it. I was a skint student once before...now I'm just skint)

andy p = still cool

[the666ers]

Its not being unusual its being realisitic. If everyone in this thread were so outraged by what was happening why dont they write a letter to tony blair themselves? simple facts are not even they care enough to pull their fingers out and be pro active. Signing a petition on the internet is the easy way out for people to kid themselves in to thinking they have actually helped the cause. When really all they have done is sweet f**k all.

I never labelled art as a subject being worth sweet f**k all, it is one of those courses that you can either do or cant do. Its a natural skill so why should it be shunned? however im going to stick by the other subjects i mentioned as i see them completely pointless unless you want to go in to teaching. Oh by the way it would actually be nice to see some actual evidence of this interest bashing that the government is doing. I know its very easy for people to blow things out of proportion on the internet, add in little bits to make their argument seem a lot more powerful than it really is. All ive been trying to say is i dont understand why you are actually trying to fight the system, with an internet petition. Its like top up fees... students went marching about doing this and that to try and stop it happening... got them no where and i would say thats about as pro active as they could have got.

lmao just read the first post again.. all of this has been kicked off because of intranet email? oh dear if i believed everything like that i would have sent my life savings to some bloke in nigeria with the promise of getting my 3 million unclaimed lottery money back in return. Oh god.. the guy who made the petition cant even spell salary.. seriously people.. this is a joke

edit: found how to get rid of the italics woo

I'd have to disagree with your comments on media courses, sociology, english etc...

I'd probably go as far to say as you've never looked at a prospectus for any of these courses, although the contact time is low, to actually pass you need to do a fair amount of work. The first year is what most courses are judged by too and admittedly the work load is lower than other courses in the first year. If you make it to the 2nd and 3rd though, the workload gets a lot heavier, and as with anything, the course is as much work as you make for yourself. Sure, it can be blagged like most things but your knowledge will be far lower than someone who has put in the work.

It's pretty ironic that you're getting up on your high horse having a go at everyone for not being pro active too, seeing as you're just having a moan more than anything. Can't really see any general progression evolving from your pissy attitude.