and starts accruing as you study

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