From: Edmund Grech (edmund@arclightentertainment.co.uk)
Date: Sun May 12 2002 - 04:31:31 MDT
> 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.
This is a government loan - it is set - £3000 non-income assesed - everyone
is entiled to that. If you choose to be assesed and go through the very long
task of showing you really do deserve it, the loan is increased by any
amount upto a maximum of I think £4000. It is your assumption that the
goernment actually knows what its doing in education (maybe it does and I
don't know its agenda) but I know its making life very hard for poor
university applicants; and I know for sure its new approach to A-Levels, the
British College exams system, is a disaster that happened in the trials I
was one of the few groups to be apart of testing, much less now they've
released it across the nation.
> 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.
Well indeed, but the point stands that just because you can afford it,
doesn't mean people won't take out the loan. And the less brave among us
would probably stick to a high interest account.
Edmund
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