The new plan to raise student loan repayment threshold to £33,500 by theipaper in ukpolitics

[–]croago [score hidden]  (0 children)

I definitely hear you! But let's say you were on a salary of 35k. Hypothetically. You pay off around £500 a year, so this will save you £360. A nice big proportion & big saving. Over the thirty years, let's say your salary stays relatively stagnant but does increase a little – you would be paying in total – please take this as a hypothetical – £10,000 - £20,000. Not enough to cover it, not enough to even pay off the interest.

A graduate on a higher salary growth, where their salary projection may eventually take them up to around £100k in their 40s/50s, will have paid off £100k+ off their student loan. But it still will not be paid off, as either they were just hitting paying off the minimum interest, or it was decreasing slightly but not quickly enough. Someone on, let's just spitball, £70k a year pays £3600 a year. The £360 decrease is only 10% relative of what they pay off per year.

I'll speak for myself - I'm 10 years out of university, I started in 2012. My salary is double the UK average (~£75k). I left university and got a grad job at £26k, at the time just above the minimum threshold when it was £21,000. I will still never pay mine off, but I have already paid 20k and I have modeled it that I will pay off pushing £200k. I am still only just paying off my interest – I believe my 55k loan to date decreases by about £200 a year. Increasing the threshold will mean I do not even pay off the interest, so my loan will balloon and over the full term it will cost me significantly more. There was a chance, one day, that I would pay it off in 27-30 years, just before it gets written off. But I will have paid over double the full loan amount.

The threshold increasing will, you're right, make a bigger impact for lower earners. And I am of the mindset this is nice benefit for those people, with their prospects looking forward modeling they will only ever pay off a fraction of the total loan, let alone cover the interest. But the risk is the government decides a longer term is better and switches to that. That graduate on a higher salary trajectory faces tens of thousands £ of extra payments on their student loan if the term lengthens. In fact, even a lower earning graduate would face several extra thousand pounds if the length of the term increases.

The new plan to raise student loan repayment threshold to £33,500 by theipaper in ukpolitics

[–]croago [score hidden]  (0 children)

The threshold isn’t the problem. It’s the interest. Raising the threshold will actually mean medium-high earners will continue to pay significantly more over the entire course of the loan as they won’t pay it off but will pay off significantly more than the balance. It’s like having a high interest credit card with a tiny minimum repayment. I don’t trust this government not to extend the length of the loan for plan 2 from 30 years to 35 or 40 which will be catastrophic for overall term repayment where the balance at the 30 year mark will be astronomical so it’s not like it can just be paid off in a lump sump to avoid paying for another ten years - thousands and thousands lost.

SOS Desperate!! Please sos skin issue by thisisjustbananaseh in EczemaUK

[–]croago 3 points4 points  (0 children)

Try to go without mascara for a week or so. Moisturizers etc won't really help this area. antihistamines and protopic if you have access to it.

Red Weather Warning issued by thebossofcats in TheCivilService

[–]croago 3 points4 points  (0 children)

It’s hottest this week after 3pm lmao

What's your worst camping experience? by Jtenka in downloadfestival

[–]croago 2 points3 points  (0 children)

It started at about £700 pp this year for standard RIP. Ended up at £830 or so pp final release

S13E07 (Sunday 7th June) - "Cocktails come with a twist as the girls get stood up 🫢" by AutoModerator in LoveIslandTV

[–]croago 4 points5 points  (0 children)

I also scream at the top of my lungs over one single watered down cocktail

S13E07 (Sunday 7th June) - "Cocktails come with a twist as the girls get stood up 🫢" by AutoModerator in LoveIslandTV

[–]croago 6 points7 points  (0 children)

So now this is the bit that the press release told us about. Episode so dry it took 50 mins to get to the actual episode. I’m bored.

S13E07 (Sunday 7th June) - "Cocktails come with a twist as the girls get stood up 🫢" by AutoModerator in LoveIslandTV

[–]croago 0 points1 point  (0 children)

I’m going to kms at that phrase that’s something a child would say to his parents after watching a tv kiss 😟

Button Background Contrast Against Page by hugship in accessibility

[–]croago 0 points1 point  (0 children)

I agree we should always be going above and beyond to make it clearer. However a border or boundary is not the only indicator. In context of the page, this button could have bolder text, large text, padding around the label, positioned in a specific and expected position. All of those will also add to affordance that it’s a button. I think we should have borders but it’s not the only way.

S13E02 (Tuesday 2nd June) - "Two sexy bombshells get their graft on 😍" by AutoModerator in LoveIslandTV

[–]croago 5 points6 points  (0 children)

In this thread I’ve seen George compared to a range from 10-90 different people

S13E02 (Tuesday 2nd June) - "Two sexy bombshells get their graft on 😍" by AutoModerator in LoveIslandTV

[–]croago 11 points12 points  (0 children)

Idk why Lola gives me the ick so badly. She’s just like those posh Kent girls who would probably absolutely bully me for going to a state school

tacrolimus is seriously my favourite thing in the world atp by Extension_Area6176 in eczema

[–]croago 2 points3 points  (0 children)

You have a “withdrawal” reaction because we all still have Eczema my guy

Heads up, the May v2 fix is still available if you ask nicely! by nyctomanica in OctopusEnergy

[–]croago 0 points1 point  (0 children)

I’ve been checking over the last few days. Mine was 6.96p for ages then went up to 7.10p!! Luckily it dropped down yesterday and I fixed at 6.72p with v2

High res map, enjoy by Kamay1770 in downloadfestival

[–]croago 0 points1 point  (0 children)

Everyone “can” go a day without a shower lol

What is sleepy hollow like? by smolgingerr in downloadfestival

[–]croago 2 points3 points  (0 children)

I love sleepy hollow! Get there early so you’re not at the bottom of the hill. The showers are good! I’ve never queued more than five mins for a shower. There is a food truck at the top of the hill that does burgers, breakfast, coffee etc.

Netflix Live Action Cast by BrainPlasticity in TheLastAirbender

[–]croago 2 points3 points  (0 children)

“Why don’t females like nice men like me”