I sort of understand this, but £9000 is a seriously different level of made-up numbers from £1000 (and I'm not saying you were asserting the opposite, of course). Especially when you reach into the ether and invent the £9000 for year 2, and the next £9000 for year 3, and the god-knows-how-many-000 you'll need to live on because rent and food and stuff aren't optional.
I've listened to all the arguments about how student loan debt isn't "real" debt, it's payroll deduction, you won't miss what you've never had, and it's not like you have to hand over a fistful of cold hard cash every month. And I say: bollocks to that. I'm extremely debt-averse, from an extremely debt-averse background. My parents said "take the loan, it's a good deal, you'll never get a loan at this good a rate again" too, but they'd have much preferred me not to take a loan at all. After university I spent years paying money every single month towards it, in addition to the payroll deductions, just to get rid of it, because I didn't want the loanstone around my neck. And a couple of years ago, when it was finally paid off in full, I noticed I suddenly had a little pot of spare cash every month that I hadn't had before, and could save towards this house I find myself buying. Even if you don't make extra payments like I did, you'd still have an extra £50 or £100 a month to save if it didn't have to be taken out of your pay for the loan.
It isn't debt-like-credit-card-debt, and you don't have to hand over cold hard cash every month. But I think it's far worse to hand over part of your financial potential for decades.
no subject
I sort of understand this, but £9000 is a seriously different level of made-up numbers from £1000 (and I'm not saying you were asserting the opposite, of course). Especially when you reach into the ether and invent the £9000 for year 2, and the next £9000 for year 3, and the god-knows-how-many-000 you'll need to live on because rent and food and stuff aren't optional.
I've listened to all the arguments about how student loan debt isn't "real" debt, it's payroll deduction, you won't miss what you've never had, and it's not like you have to hand over a fistful of cold hard cash every month. And I say: bollocks to that. I'm extremely debt-averse, from an extremely debt-averse background. My parents said "take the loan, it's a good deal, you'll never get a loan at this good a rate again" too, but they'd have much preferred me not to take a loan at all. After university I spent years paying money every single month towards it, in addition to the payroll deductions, just to get rid of it, because I didn't want the loanstone around my neck. And a couple of years ago, when it was finally paid off in full, I noticed I suddenly had a little pot of spare cash every month that I hadn't had before, and could save towards this house I find myself buying. Even if you don't make extra payments like I did, you'd still have an extra £50 or £100 a month to save if it didn't have to be taken out of your pay for the loan.
It isn't debt-like-credit-card-debt, and you don't have to hand over cold hard cash every month. But I think it's far worse to hand over part of your financial potential for decades.