#debt is a trap View quoted note →

It is a total scam, however his “not much you can do” comment seems strange and revealing. 250 a month on a decent salary is nothing, he could pay it all off super fast as many do - surely he knows this. I wonder if he was put in there to push a narrative instead - to make the issue a public/private issue instead of discussing the real issue: that the vast majority of people don’t need to go to uni (although that would mean far less money printing…). Or I’m too cynical 🙈😄.

He didnt learn math then

Wow.... A doctor

Helpless dude, had 55k rammed down his throat

Don’t go to university… get a job at the bottom in the industry you’re interested in and by the time your mates get their paper certificate and starting their job search in debt, you’ll be totally skilled up, doing something you like and debt free. The only jobs that require a paper certificate are medical, engineering, architecture etc Business, marketing, sociology, and gender studies qualify you for fck all but state programming and debt

Good questions. He will pay 9% of his salary, above 28k, per year. So he is 3k per year which means he is earning approx 60k ish. Not a lot for a doctor but hey. Most grads won't be earning that.

Agreed mostly. My kids are at "uni" (in my day they were called colleges but everywhere is a uni now) and I didn't deter them because I figure, if/when they take us to war, at least my son has a chance of escaping the draft. At least for now. Hopefully we will have surrendered before he's out

He's conflating loan payments with a tax?

No he's not, the system here is bizarre. When I was a lad, further education (uni) was free. Nowadays students have to pay. So they have to pay anything from about £9k - £20k per year. Once they graduate, usually after 3 years, they are eligible to pay it back only if they are working and earning more than £28k per annum. Even then they only pay 9% of what they earn above £28k. So if they earn £38k a year, they would pay 9% of the £10k over. In this case £900, split monthly. This debt is with you until its paid or 40 years.

So that sounds like fees and loan payments, with truly terrible terms on the loan. The effect is basically taxation, I guess, if it goes to the state Are these loan terms not clear to students when they take the loans? Or are they changed after the loan is accepted?

Not easy when they just hire a third worlder instead

So, a loan of 50k even at 3% interest is about 600 per month over 6 years. I doubt he got 3 percent. He's paying 250? I doubt the term is lowers the payment to 250. Can doctors not do math? Do doctors not make enough to pay more than 250 a month? Sounds like someone making minimum payments wondering why the balance keeps going up.

It's not a usual loan. Read my explanation below

That is the most bizarre thing I've ever seen. Also these salaries seem VERY low for a doctor. I made more driving trucks by a like 3x.

Welcome to the UK. He will be a junior doctor and paid a pittance compared to his abilities. Oh, and the fact we import our health workers

Yet people here (in the US) will point to European healthcare as a shining city on a hill. Brutal.

I've been to the USA, on many occasions. I have used your system, obviously I had to pay but it was smoother than here. Here people are brainwashed into believing the NHS (our health service) is amazing. It isn't. I go abroad if I need something