{"id":15442,"date":"2016-06-04T13:01:02","date_gmt":"2016-06-04T06:01:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-really-were-mis-sold\/"},"modified":"2016-06-04T13:05:22","modified_gmt":"2016-06-04T06:05:22","slug":"student-loans-really-were-mis-sold","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-really-were-mis-sold\/","title":{"rendered":"Student loans \u2018really were\u2019 mis-sold"},"content":{"rendered":"


\nOriginally I supported the \u00a39,000 tuition fee regime. But now, after my own daughter has gone through the system, I realise that the interest rates charged are scandalousI have three children, all of whom went through university under different student loan regimes; the last one started university in 2012, just as the fees went up to \u00a39,000. I was a supporter of the student loan system, as I figured it was not like a real debt, being written off after 30 years and only payable on a sliding scale of earnings. In this respect, I was out of line with most of the rest of my family and friends, who all seemed obsessed with the idea that Nick Clegg and the Lib Dems had done a U-turn on this. I thought I agreed with Vince Cable, who defended the move as a sensible way to fund a massively expanded higher education system.Then, after my daughter had already clocked up a term\u2019s worth of loan, I was\u00a0alerted to the high interest rate payable on the \u00a39,000. She\u2019d be paying RPI plus 3% while she was studying and at least RPI thereafter, more if she earned more. I was appalled by this, and\u00a0since we have the resources, we paid off her loan and thereafter funded her studies ourselves. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Student loans \u2018really were\u2019 mis-sold<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Originally I supported the \u00a39,000 tuition fee regime. But now, after my own daughter has...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15442","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-414","jetpack-related-posts":[{"id":14688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/","url_meta":{"origin":15442,"position":0},"title":"Student loans: the next big mis-selling scandal?","date":"May 28, 2016","format":false,"excerpt":"\r A change to loan conditions, made after it\u2019s taken out? A mortgage company can\u2019t legally do that to borrowers, but it seems the government canMany graduates have been shocked this week to see just how their debt is escalating, with interest charged at up to 3.9%. That\u2019s more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/getting-to-grips-with-a-32220-student-debt-and-how-you-can-lighten-the-load\/","url_meta":{"origin":15442,"position":1},"title":"Getting to grips with a \u00a332,220 student debt \u2013 and how you can lighten the load","date":"August 20, 2017","format":false,"excerpt":"\r As graduates start their first jobs and face a raft of new bills,\u00a0tackling the loan mountain can seem insurmountableAfter three years at university Vic Froggett has started in her first job and is adjusting to the succession of new bills she has to pay. But as well as the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-give-my-daughter-a-loan-to-buy-the-home-she-rents-from-me\/","url_meta":{"origin":15442,"position":2},"title":"Should I give my daughter a loan to buy the home she rents from me?","date":"November 12, 2018","format":false,"excerpt":"\r I won\u2019t need the rental income once I start getting my state pension in six months\u2019 timeQ I am 64 years old and a homeowner, but I also own a second property worth around \u00a3180,000, which I bought with an inheritance. I rent this house for a modest sum\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/business-or-home-its-still-a-property\/","url_meta":{"origin":15442,"position":3},"title":"Business or home, it's still a property","date":"March 13, 2016","format":false,"excerpt":"\r Q: I am buying a small industrial property in a provincial town for my daughter for her 21st birthday, taking out a loan to do so. She will owe me that sum plus interest, but she gets the net return (it will help pay her student loan)....\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-debt-trap-how-the-student-loan-industry-betrays-young-americans\/","url_meta":{"origin":15442,"position":4},"title":"The debt trap: how the student loan industry betrays young Americans","date":"September 6, 2017","format":false,"excerpt":"\r Navient, spun off from Sallie Mae, has thrived as student loan debt spirals across the US. Its story reveals how, instead of fighting inequality, the education industry is reinforcing itThis story is published in partnership with Fusion as part of Fusion TV\u2019s investigative documentary series The Naked TruthAmong the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/business-or-home-its-still-a-property-2\/","url_meta":{"origin":15442,"position":5},"title":"Business or home, it's still a property","date":"March 13, 2016","format":false,"excerpt":"\r Q: I am buying a small industrial property in a provincial town for my daughter for her 21st birthday, taking out a loan to do so. She will owe me that sum plus interest, but she gets the net return (it will help pay her student loan)....\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15442"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15442"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}