dermot
Member of DD Central
Posts: 862 
Likes: 517
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Post by dermot on Feb 6, 2017 14:40:15 GMT
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ianj
Member of DD Central
Posts: 654
Likes: 519
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Post by ianj on Feb 6, 2017 15:01:30 GMT
With loan interest currently at 1.25%?  As much chance as the beatification of Donald T!  |
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Feb 6, 2017 15:57:51 GMT
Wow what a fuss! The loan from one of my years was sold on a few years after I left. Same interest rate, same terms. It made no different to me whatsoever.
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james
Posts: 2,205
Likes: 955
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Post by james on Feb 6, 2017 16:40:07 GMT
The fuss is in part because the government did change the terms of some more recent loans. They increased the rate of deduction from pay so less would be written off at the end of the loan term. That increase in expected repayments has increased the value of those loans for a prospective buyer and the price the government will get, with the former students paying.
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