Student Loans - ins & outs! (Student Loans Co.)

Member Name: big scottish sex beast

Product:	Student Loans Co.
Date:	06/07/00 (15 review reads)
Rating:

Advantages: Cheap

Disadvantages: Not free!

Student loans are available to all UK students from the Student Loans Company based in Glasgow. The amount depends on when you started uni, for example b4 fees you get in the region of £1800 and after fees you are looking towards £4000.

They are very useful as a means of living now, and in the future. When you leave uni you will need money for a car, house, holiday so why not take out your student loan each year and save it in a bank. The interest at the moment is in real terms (after inflation) about 0.5% - you wont get a cheaper loan anywhere else!

I agree in principal with the idea of a student loan basically because the average graduate earns so much more than the average person so they can afford to pay it back. In reality you actually pay it back more as you are pummelled by higher tax rates.

My advise would be to get a loan no matter what. If you do not need it put it in a bank (get at least 7% interest) or lend it to your parents - which is what i have done!#

Think to the longer term and not just to tommorrow!

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