The Mudcat Café TM
Thread #166730   Message #4011873
Posted By: GUEST,henryp
04-Oct-19 - 07:12 AM
Thread Name: the uk folk revival in 2019
Subject: RE: the uk folk revival in 2019
Vic Lewis; "with the constant worry of that debt hanging over her."

There's no need for her to worry about it - though I'm not defending student loans. On Student Loan Plan 2, you pay back 9% of what you earn above £2,143 per month. If you earn less than that in a month, then you don't pay anything back. So you can regard it as a tax on income rather than a debt. 80% of student loans are not repaid in full; anything remaining after 30 years is written off.

Not many songs about it yet.