10-4-2012, 04:29 PM
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#45
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FFR Player
Join Date: Mar 2007
Location: Preston, lancs, UK
Age: 30
Posts: 291
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Re: What degree do you have or are pursuing in College?
Quote:
Originally Posted by Reincarnate
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.
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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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