In 2021 I owed £61,586 on all my student loans. I am pleased to announce that 3 years later in 2024 I have managed to get that number down to...
£61,757.
Yes, after paying £300 out of my salary every month I now owe the @SLC_Repayment £200 more than I did 3 years ago.
If someone pushed a refugee off a boat into the English channel and they drowned that person would get between 2-10 years for manslaughter. But if an RNLI boat showed up to rescue that refugee then the crew could get 14 years in prison under the new Nationality & Borders Bill
They sell you the loan at cheap interest then sell it into private companies who jack it up to 8%. I’d take a serious hit having to match that let alone start to make a dent into it. I work in the public sector our wages have been slashed since 2010 in real terms.
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Student loan interest rates are set based on the Retail Price Index (RPI), a measure of inflation, as set out by the Education (Student Loan) (Repayment) Regulations 2009. The sale of some pre-2012 student loans by the UK Government didn't change how interest is accrued.
gov.uk/guidance/how-i…commonslibrary.parliament.uk/research-brief…
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I was in Gaza in 2002 with the International Solidarity Movement, we tried to fix a water pumping station to supply clean water near Khan Yunis. The IDF came and threatened us. The next day we went back and they had demolished it. That’s the reality. #FreePalestine
Though I’m in favour of abolishing student debt
at this point I’d rather be paying a graduate tax - at least the money would go to the government not some private company.
Some people in the private sector get huge wages for trading derivatives. Others get scraps for doing essential work like social care. The entire economy is pitched wrong
There's a few people replying to this who just don't get it. Wages have been stagnant. In my public sector job we have had a 25% real terms pay cut since 2010. Rent is expensive. Food is more expensive. The price of everything has gone up. The economy sucks and debt sucks.
Since some people are liking this. I have a book coming out in November on ecosocialist participatory planning as an alternative to capitalism that some of you might be interested in. Yes free education is part of it 😉
plutobooks.com/9780745350219/…
People going after Jack Monroe is a great example of how “the right looks for allies but the left looks for traitors”. Political purity tests more prevalent than COVID ones.