Originally Posted by DagBoy

The people who choose to default on payments and run up debts are basically fraudsters and their actions push up the price of loans, insurance and the related things for the rest of us.

Originally Posted by chaval

And while we're on the subject...ever thought that student loans which facilitate getting more people into higher education is merely a means to reduce unemployment figures...

Originally Posted by DagBoy

What always gets me about threads like this (and there have been a few) is that the original poster will ask the question along the lines of:
"I have a student debt that I cannot pay. If I go to Australia will they know? Can I just not pay, blah blah blah, bludge, bludge, bludge ..."

Then they get all upset when decent honest people who feel that it is right to take responsibility for their actions, pay their way in society, honour their debts etc. start to have a go.

The people who choose to default on payments and run up debts are basically fraudsters and their actions push up the price of loans, insurance and the related things for the rest of us.

If you do not realise that a lot of people will feel angry that you are implying that you want to do this AND you do not realise that the debt does not generally just go away, the only inference I can make is that you are congenitally stupid or unbelievably ignorant - which rather begs the question "what was the student loan used for?" as you do not seem to have wasted any of it on a useful education.

Just my cranky old bastard 2c worth - I think I must have been spiked by the same thing as JTL.

Cheers,

DagBoy

Oh yes - I should add, I have no problem with those whe have the loan and are deferring payment because their earnings do not yet reach the threshold, but most of them seem to either be trying to pay it off or intending to - a huge difference in my book.

Also, if you cannot afford to pay off a student loan, how on earth do you expect to afford to emigrate and support yourself for couple of years before you can start bludging off the state here?

And when you have debts here - where will you go next?

OK OK enough - I am off for my medication ....

Originally Posted by bondipom

Most of those who have loans have graduated recently and may want to save the money for their migration. They are less likely to have family and are unlikely to have a house and would be renting when they arrive.

As for your comments about a waste of money I guess you do not want any teachers or nurses who have to go to uni and work for below their worth.

Originally Posted by Wee Bubba

thanks to all those people who have posted on this thread. this has helped me arrive at a decision over my student loan - i rang the company today and have advised them of my situation. i am going to repay for a year then wait and see what my salary is when the deferrment forms arrive in april 06.

im not going to get into any petty arguments with people who have slagged me off on this thread. i guess my question was politically incorrect so i kind of invited trouble. in this case, i can only apologise for my honesty.

Originally Posted by DagBoy

BP - as I said, I have no problem with those who want to use the money for things like the migration and rent etc. and will defer the loan until they can afford to repay. My issue is with the few who want to avoid payment.

The waste of money comment was me being flippant about education being poor if you end up too stupid to realise that talking about skipping from debt will get you flamed on here.



Happy to hear your decision. No need to apologise for being honest, the responses were honest too.

Cheers,

DagBoy

Originally Posted by Wee Bubba

thanks to all those people who have posted on this thread. this has helped me arrive at a decision over my student loan - i rang the company today and have advised them of my situation. i am going to repay for a year then wait and see what my salary is when the deferrment forms arrive in april 06.

im not going to get into any petty arguments with people who have slagged me off on this thread. i guess my question was politically incorrect so i kind of invited trouble. in this case, i can only apologise for my honesty.

Originally Posted by Wee Bubba

i am emigrating to Oz in 2 weeks (YAY!).

i have a student loan here in the UK which I cannot afford to pay. ive been deferring it for god knows how many years because my salary has never gone over the threshold but it has this time around so they wrote to me last week saying thay will start to take repayments out of my bank account soon.

the way i see it, my bank accounts will be closed, i will no longer be residing at my UK address, and the next of kin I put down on my form when I took the loan out is now deceased. so i cant see how the loans company can track me if i dont ring them up to tell them what im up to.

anyone else done this? thanks.

Originally Posted by CreditCardKing

Is the interest rate only 3.5% for your loan? if it is then thats very low. I think you should seek financial advice from an accountant to help you with this. If you have good advice then you can keep your income below the threshold with creative accounting techniques for ever and not have to pay it back. At 3.5% interest just keep deferring and let the loan build up, thats just about the rate of inflation so your debt is not increasing very much, unlike a credit card charging 16% interest.

Originally Posted by bondipom

The threshold is worked out on gross income which makes creative acccounting a bit tricky.