From: Randall Randall (wolfkin@freedomspace.net)
Date: Sat May 11 2002 - 18:36:33 MDT
Edmund Grech wrote:
>>You seem to be saying that there's a huge market for student loan
>>services in Britain. If there isn't (in your opinion), why?
>
> If you're poor and want to go to university you have no choice, receiving
> between £3000 and £4000 a year ($4392 - $5856) bearing in mind that the cost
> of living even for a student is quite high. Average acommodation is £100 a
> week plus an average £1000 in tuition fees a year, then add the cost of
> food, and books of which you need many and usually start at £50 for any
> technical subject. This quickly adds up to more than the loan (do the math)
> which means that in addition to full time study you're going to have to hold
> down a job, and you'll probably still have to wear one set of clothes and
> lose an awful lot of weight.
Okay, but if the cost is more than the loan, then the provider should be
happy to increase the size of the loan, right? After all, it's easier to
allow larger loans than to search out more people who might not want to
go to college without marketing.
> If you're rich it's a cinch - your parents pay for everything and you put
> your loans each year into an investment fund or high interest account. At
> the end you pay off the loan and make a tidy profit!
Unless the investment fund loses money.
-- Randall Randall <randall@randallsquared.com> Crypto key: randall.freedomspace.net/crypto.text For every new mouth to feed, there are two hands to produce. -- Peter T. Bauer, 1915-2002
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