Paying back student loan
#77
Re: Paying back student loan
You weren't kidding were you?
Leaving aside your absurd suggestion that in 20 years I will be paid no more money than I am now, and leaving aside the fact you have no idea what field I work in and what salaries are to be expected;
What on earth does it matter what two people in different careers at different ages earn? That wasn't my point. Though it's telling you took the first opportunity to get it out there.
The point was that I've started down a nice little career path and to expect grants from the British Government for the privilege is a bit bloody much.
Mind, maybe you could give me some career advice; It must be a sweet gig you've got, to be paid so handsomely and still have time to put up thousands of posts on an internet message board AND update a crushingly dull blog.
Truly, you are living the dream.
Leaving aside your absurd suggestion that in 20 years I will be paid no more money than I am now, and leaving aside the fact you have no idea what field I work in and what salaries are to be expected;
What on earth does it matter what two people in different careers at different ages earn? That wasn't my point. Though it's telling you took the first opportunity to get it out there.
The point was that I've started down a nice little career path and to expect grants from the British Government for the privilege is a bit bloody much.
Mind, maybe you could give me some career advice; It must be a sweet gig you've got, to be paid so handsomely and still have time to put up thousands of posts on an internet message board AND update a crushingly dull blog.
Truly, you are living the dream.
I think i hit a nerve so i'll wait until tomorrow to respond while i'm being paid to do so
Last edited by el_richo; Apr 14th 2010 at 10:54 pm.
#78
Joined: Aug 2005
Posts: 14,227
Re: Paying back student loan
(My brain is somewhere between massive and a dogs nipple so I can appreciate both sides of the argument; though it's probably nearer the nipple end of the scale. "nearer the nipple end of the scale", I never thought I'd be writing a sentence like that today)
#79
Re: Paying back student loan
Perhaps you could explain it step by step why older people get paid more money? THAT would explain why my 60 year old boss drives a 100k automobile and I ride a bicycle! I knew there was a reason but I thought it was just because he was smarter.
It's so goddam inEXPLICABLE, the fact they pay people with more experience more money, and the older you are the more years you've spent in soul-crushing tedium in order to haul yourself up the career ladder.
It's so goddam inEXPLICABLE, the fact they pay people with more experience more money, and the older you are the more years you've spent in soul-crushing tedium in order to haul yourself up the career ladder.
Smarts often has little to do with it, young Jedi.
#80
Re: Paying back student loan
Don't stop just now. I being paid to watch.
(My brain is somewhere between massive and a dogs nipple so I can appreciate both sides of the argument; though it's probably nearer the nipple end of the scale. "nearer the nipple end of the scale", I never thought I'd be writing a sentence like that today)
(My brain is somewhere between massive and a dogs nipple so I can appreciate both sides of the argument; though it's probably nearer the nipple end of the scale. "nearer the nipple end of the scale", I never thought I'd be writing a sentence like that today)
#82
Re: Paying back student loan
I do thank you for your observations though, of which a few were correct
I was merely poking some fun at you based upon you being a Biologist, having a massive brain, yet thinking a teeny salary was a good wage.
I also didn't suggest that you wouldn't receive a payrise, ever. I merely suggested that I, with a dog (not bitch) nipple sized brain, and limited education (which is prominent when reading my posts and retarded blog) probably earn more money than you will when you reach my age (which is no doubt very soon). The point being, your comment "By the time I'm your age I expect I'll be earning more than that, if i haven't blown my brains out" would have you blowing your brains out and being museum ready within a few years time.
As for your question about "older people earning more money". I think you'll find experience tends to come with age. However, I have one comment and two questions for you.
Comment; You suggest your boss is over paid when compared to your salary and he drives a $100k car while you own a bicycle. You need to understand your bosses personal and business background before calling his financial status down.
Question 1; Why do you believe your earning power should have parity with, or be much closer to, your 60 year old boss?
Question 2; After 30 years of service in your field, extending your experience, knowledge, skills, etc, do you believe, or would you appreciate, a young inexperienced addition to your company who has yet to prove their worth and value add to the company/field being paid a similar amount to yourself?
I do agree with the fact that the abilities of the SLC back office are pretty dire.
You don't need to answer to this, or my questions. I'm now happy to call this a draw and have a sip of my scotch.
Cheers
#83
Joined: Aug 2005
Posts: 14,227
Re: Paying back student loan
I'm not very good at drawing (so my art teacher told me - "You draw like a spastic dog" he said). Apologies for not retorting yesterday but the slave drivers here had me working for my money while entertaining a childish 33 year old dignitary and his secret service goons.
I do thank you for your observations though, of which a few were correct
I was merely poking some fun at you based upon you being a Biologist, having a massive brain, yet thinking a teeny salary was a good wage.
I also didn't suggest that you wouldn't receive a payrise, ever. I merely suggested that I, with a dog (not bitch) nipple sized brain, and limited education (which is prominent when reading my posts and retarded blog) probably earn more money than you will when you reach my age (which is no doubt very soon). The point being, your comment "By the time I'm your age I expect I'll be earning more than that, if i haven't blown my brains out" would have you blowing your brains out and being museum ready within a few years time.
As for your question about "older people earning more money". I think you'll find experience tends to come with age. However, I have one comment and two questions for you.
Comment; You suggest your boss is over paid when compared to your salary and he drives a $100k car while you own a bicycle. You need to understand your bosses personal and business background before calling his financial status down.
Question 1; Why do you believe your earning power should have parity with, or be much closer to, your 60 year old boss?
Question 2; After 30 years of service in your field, extending your experience, knowledge, skills, etc, do you believe, or would you appreciate, a young inexperienced addition to your company who has yet to prove their worth and value add to the company/field being paid a similar amount to yourself?
I do agree with the fact that the abilities of the SLC back office are pretty dire.
You don't need to answer to this, or my questions. I'm now happy to call this a draw and have a sip of my scotch.
Cheers
I do thank you for your observations though, of which a few were correct
I was merely poking some fun at you based upon you being a Biologist, having a massive brain, yet thinking a teeny salary was a good wage.
I also didn't suggest that you wouldn't receive a payrise, ever. I merely suggested that I, with a dog (not bitch) nipple sized brain, and limited education (which is prominent when reading my posts and retarded blog) probably earn more money than you will when you reach my age (which is no doubt very soon). The point being, your comment "By the time I'm your age I expect I'll be earning more than that, if i haven't blown my brains out" would have you blowing your brains out and being museum ready within a few years time.
As for your question about "older people earning more money". I think you'll find experience tends to come with age. However, I have one comment and two questions for you.
Comment; You suggest your boss is over paid when compared to your salary and he drives a $100k car while you own a bicycle. You need to understand your bosses personal and business background before calling his financial status down.
Question 1; Why do you believe your earning power should have parity with, or be much closer to, your 60 year old boss?
Question 2; After 30 years of service in your field, extending your experience, knowledge, skills, etc, do you believe, or would you appreciate, a young inexperienced addition to your company who has yet to prove their worth and value add to the company/field being paid a similar amount to yourself?
I do agree with the fact that the abilities of the SLC back office are pretty dire.
You don't need to answer to this, or my questions. I'm now happy to call this a draw and have a sip of my scotch.
Cheers
#85
Re: Paying back student loan
When I spoke to the advisor at the SLC, I was told to fill in the Overseas Income Assessment form. The information on that form would let them know how much I should be paying over the current year, in my case I was unemployed at the time, so they wrote me back saying that I would have to pay nothing for the current year, and that they would send me the Overseas Income Assessment form in ten months, where I would fill it in, and that would tell me what I have to pay for next year.
I actually asked the person on the phone the question about if I got a job after I filled the form in, and they told me not to worry about it, and to wait until I get the form to fill in for next year.
I actually asked the person on the phone the question about if I got a job after I filled the form in, and they told me not to worry about it, and to wait until I get the form to fill in for next year.
The latest correspondence I received from them said that for this year, I don't have to pay anything back (i.e. they neglected to mention that if I get a raise then the payments I am making this year is changed - and I'm not looking through T&Cs to see if there is any reference made to this).
Being in Canada, we do have a nice change to play a minor game of the currency exchange market as well. On that note, at what point in the year does the minimum salary to trigger payments get decided?
#86
BE Enthusiast
Joined: Jan 2009
Location: Port Colborne, ON
Posts: 315
Re: Paying back student loan
I plan on paying back the loan (within the rules they constructed of course).
The latest correspondence I received from them said that for this year, I don't have to pay anything back (i.e. they neglected to mention that if I get a raise then the payments I am making this year is changed - and I'm not looking through T&Cs to see if there is any reference made to this).
Being in Canada, we do have a nice change to play a minor game of the currency exchange market as well. On that note, at what point in the year does the minimum salary to trigger payments get decided?
The latest correspondence I received from them said that for this year, I don't have to pay anything back (i.e. they neglected to mention that if I get a raise then the payments I am making this year is changed - and I'm not looking through T&Cs to see if there is any reference made to this).
Being in Canada, we do have a nice change to play a minor game of the currency exchange market as well. On that note, at what point in the year does the minimum salary to trigger payments get decided?
#87
Forum Regular
Joined: Jan 2009
Location: Vancouver Island, BC
Posts: 251
Re: Paying back student loan
OMG What a post!!!!!
And to think if you are Scottish and at University in Scotland it would all be for free.......
And to think if you are Scottish and at University in Scotland it would all be for free.......
#89
BE Enthusiast
Joined: Jul 2002
Location: Toronto, Ontario
Posts: 846
Re: Paying back student loan
I vaguely recall sitting in a hall in 6th Form being told that Student Loans were a great idea and were in effect interest free blah blah blah.
I am fairly sure that the payments I make barely cover the interest they keep adding. That couples with ever changing exchange rates make the whole thing rather annoying. The only silver lining is that it is income contingent so if my income fell below a certain level I would not have to pay anything which is better than a private loan where they don't stop asking.
However their yearly income assessment only considers your gross income and makes no account of total household income (i.e. how many people does your income support) and any other mortgage or tax liabilities etc. So they go oh this guy can afford x amount a month, off you go, when in reality that is not always the case, and as it is not a fixed repayment schdedule known at the start of the loan, i.e. it keeps going up every year if your income rises, regardless of circumstance, it is hard to plan/budget for.
Personally I am hoping the exchange rate falls low enough to justify paying it off in one go with a Canadian loan/line of credit and save the future cost of Sterling recovery.
i recall when I came to Canada the first time it was more like 2.5 $ to £ which would almost double the effective loan amount from todays exchange rate. Bam
I am fairly sure that the payments I make barely cover the interest they keep adding. That couples with ever changing exchange rates make the whole thing rather annoying. The only silver lining is that it is income contingent so if my income fell below a certain level I would not have to pay anything which is better than a private loan where they don't stop asking.
However their yearly income assessment only considers your gross income and makes no account of total household income (i.e. how many people does your income support) and any other mortgage or tax liabilities etc. So they go oh this guy can afford x amount a month, off you go, when in reality that is not always the case, and as it is not a fixed repayment schdedule known at the start of the loan, i.e. it keeps going up every year if your income rises, regardless of circumstance, it is hard to plan/budget for.
Personally I am hoping the exchange rate falls low enough to justify paying it off in one go with a Canadian loan/line of credit and save the future cost of Sterling recovery.
i recall when I came to Canada the first time it was more like 2.5 $ to £ which would almost double the effective loan amount from todays exchange rate. Bam