true though also as a student u go into debt for the tuition fees at uni but then again u can't rele call that proper debt i guess.
mortgage, utility bills, food, general necessities, clothes plenty of ways to get into debt :ugh2: student loan is proper debt! i will end up owing £20k+ without including interest, if thats not debt, i dont know what i should call it :tear:
lol what if you're not making money? you can't get a job, and bills keep accumulating? and what about debt interest? by waiting and paying it all in one go, you may accumulate even more debt. and i don't understand why people say "don't get into debt then" what about essential energy bills? what about mortgage? what about food? what about kids education? what about their needs? -madsign1
Too risky for now Yeah, Im not really worried about student loans, They will be cleared out anyway in 25 years time if theres any outstanding amounts to be repaid. Well a certain percentage of your earnings will be used to pay the debts. Not really a lot, You wont even notice it
haha oh dear, see thats what they lead you to believe that the interest is next to nothing and its all good and blah blah blah but i know people who have graduated and the interest alone is like over £100 per month, thats a lot for someone who justs about to get a job, start a life etc although you may not be paying much back per month, its still a lot of debt not saying dont get a loan, but dont think its a freebie from the government and it wont affect your future earnings
^ REALLY..?!?!...I THOUGHT IT JUST DEPENDS ON HOW MUCHY YOU EARN...SO THE MORE YOU OWN THE MORE YOU HAVE TO RE-PAY OUT OF YOUR SALARY...-unsure
it depends on how much u make. but u can always pay more so u pay it off quicker. dont think i get interest on my gov't loans for uni
the amount you repay depends on your salary, the more you earn the more you pay back, or pay nothing if you dont earn over £15k but the interest is the same for everyone, so its actually better to pay back ASAP, or in one big lump sum!!!
a hint, after ur degree, try to live for 1-2 years with the same living standard u had back as a student, until then u have build up enougn capital to pay ur debts or at least gathered quite an amount of capital, depending on the job of course ;-) but i think u´re a smart gal, most important is ur determination to go through this period ^^ lol here in europe they are offering shopping tours to the US to get some holiday housings in florida xD due to the subprime mortgage crisis, because they are bigger, better and cheaper than on mallorca xD kakakaka
ye i agree, the quicker u pay it off the better as the interest won't be as much even though they say its no net interest, thats such a lie considering the interest rate is 4.8% and we are heading into recession.
interests rate changed to 3.8% from september! im paying about £60 a month in interest alone.... and i still have 3 years to go -cry2
i dont have a cc, and i live @ home, so im debt free! i do however use a debit, and w/ such power its ez to spend.. even tho i was taught to have lots of self control!
I have debt too..right now money is harder to make..hopefully the markets pick up after Obama is elected.
