| Topic: | Re:Re:Re:Re:Re:Geography Lesson | |
| Posted by: | Steve Taylor | |
| Date/Time: | 01/12/10 13:44:00 |
| "Anyway if they don't pay upfront then we're still not saving any money for at least 4 years anyway! So what's the point?" They do pay upfront. They borrow the money from the Banks, get their education, get a job and pay pack the loan only when they earn the salary level as determined by the Govt. Whats the problem? There is also a good scam for students on a placement year. Even if they are staying at home for their placement year, it makes economical sense for them to still accept the loan at low interest and bank it at higher interest and pay it back only when they earn the determined salary. Additional interest earned nicely pocketed!! Nice little earner innit? |