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Old 10-4-2012, 04:29 PM   #45
cool110
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Join Date: Mar 2007
Location: Preston, lancs, UK
Age: 30
Posts: 291
Thumbs up Re: What degree do you have or are pursuing in College?

Quote:
Originally Posted by Reincarnate View Post
Maybe it's just me, but honestly, even at the Ivy League level, I felt like higher education is such an overpriced scam (that is perhaps too strong a word, but I do think in many ways it can be defended).

If it's knowledge you want, the internet is wide open. Private tutors are cheaper, too.
...
Well over here it's the best choice from a financial view. Tuition fees for home students are capped at £9,000 a year and a maintenance loan of up to £5,500 a year (£4,375 at home, £7,675 in London). In addition there is a non-repayable grant for low income families (£3,250 a year for less than £25,000).

Under the current student loan/tax system it's unlikely to be fully paid before the government writes it off after 30 years. Repayments are 9% of of pre-tax income above £21,000 with interest at the RPI plus 3% during study or with income above £41,000 down to just RPI with income below £21,000.
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