which not a lot of people know about

sadly

the second you sit in a lecture it starts ticking up

5.5% here, starts when you get out of collage

people believe it starts when they graduate here, it's a myth

I would lie if I said that people aren't aware of their loans over here

not supposed to tell them

Lel

You pretty much get a quarter-wise reminder of what your current loan is

Gotta read thos contracts tho

The interest rate atm

Everything

no one reads the contracts here, mummy and daddy sort it mostly

And the projected repaying rate

Also bring a red pen to make corrections when you go to sign something

I'm sure it isn't much different overseas

mummy and daddy deal with all that shit all the way through

People move out alot over here

So typically that stuff is handled by themselves

Cross out shit you dont want on the contract, or you might get screwed. /murica/

Rather, they use the rather affordable student loan to move out

And that's what that accrues them the debts in the end

Not the studying itself

>call up house to discuss loan with some kiddo
>mum answers
>can I speak to faggymcfaggleson
>no he just left what's it about
>student loans
>OH FAGGY FAAAGGY
>sound of her upstairs
>IT'S THE LOAN PEOPLE
>*bed ruffling sounds* WHaaa"

fucking jackass, wake up you stoner

Yeah, moved out at 18, not gonnaa live with parents any longer than necessary. Seems to be the norm here

>expects me to believe everyone moves out when a bunch of students in this very discord and all over /g/ live with parents

Kek

Neckbeards here then

I don't doubt people move out into shitty prison cell accommodations

This Discord is special

You're special

etc

but the application process is fully parent powered at least here

or maybe I got a dark insight into the real goings on without e-bravado

No but seriously, the stats indicate that most youngters move out

Because they can finance it themselves

Well, not "themselves", but they have way to do so

yeah they move out into a place a prisoner would turn their nose up to but the application process for the loans is all the parents, they're the ones calling as registered third parties

and dealing with the shit, not the students

so saying bring along a pen to cross shit out is crazy, the student never shows up, it's mummy and daddy

which is crazy

they're not the ones paying it off

That's a weird system

it's all done online here

I mean, same here

It's just that everything is connected to the student itself, and no one else

but 99% of all calls I ever had was the parents, rarely ever the student

the parents didn't have the same privileges but if they had the student mumble out some security they could do anything

If payment is neglected, the loan taker will be the one to receive punishment

over here it comes off wages and if you never earn more than the threshold it gets wiped after 25 years

So naturally, the loan taker will have to be the one taking the responsibilities

>thinking some 17-18 year old twerp gives a shit about all that

most people don't even plan for their retirement before 30

much less a loan they take out pre-20 years old

I'm sure they will when their money gets cut when they neglect certain duties

Such as actually studying to meet the criterias

I dunno

Most of the criteria are pretty easy here, I think they're talking about making it harder

I feel your system is flawed in the sense that it gives very little physical feedback to the kid commiting to the loan

I never touched the scottish system

just english

So naturally, they'll get complacent and accrue major debts without realizing it

the only scot I got had his mum threaten to come after me with a baseball bat

hung up immediately anytime I heard a stoner/junkie scot voice after that

not worth it

english system is harder because £9000 tuition fees paid off by the loans

scotland doesn't have tuition fees

less burden on you

english get sucked into a sense they have to study and to study they need maximum loans

so they're not all that interested in the terms

What stops the English kids from moving north and studying there?

need to remain here for 3 years

a lot of people want to get a move on and enter at 18

a lot of english move up though

takes some planning

3 years is the duration of most educations, though

3 years pre-education starts

so you'd need to move during high school or something

you can come from anywhere, as long as you've been here 3 years you get it free

Right, so it's almost like a citizenship exception

yeah pretty much

I'd have thought they'd make it easier for UK-citizens, but guess not

university of glasgow plays by its own rules

they get so much money from chinks they give away free education to the English if you beg for it

but most places you need to pay or be here for a while

but our fees are lower than england

so it works out cheaper

shittier unis tho

something like £1500 a year compared to £9000

might have changed

being english is suffering

they were implementing sharia loans when I left

God damn thats cheap. Tuition is 21000$ a year here at so-so universities.

7k$ per term

Well

You guys don't have some of the most expensive tuition fees in the world for no reason

Thats without living expenses, supplies/textbooks.

Its shit here

Rather than free money the government gives you 1% discounted (still 4.5%) loans.