Happy_2008
Member
Registered: 13th Mar 01
Location: Kent
User status: Offline
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Jus wondered how much debt u was in??? i am in 11.5k debt but i have managed money carefully whilst in uni so i still have 9.5k left which means i am really 2k debt. I took out a full loan amount this year so i could buy a Civic type-r next year simply cos of the low interest rate on student loans. But i will need another 5-6k loan from a bank to buy the new car. Quite pleased wit da way i have handled my money tbh. all ma frens are like 14k debt.
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Sooty
Banned
Registered: 9th Mar 03
Location: FLAP CENTRAL
User status: Offline
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im 300 quid in debt thats it lol
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troubled_corsa
Member
Registered: 23rd Jul 03
Location: nottingham
User status: Offline
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im takin the full student loan for 3/4 years. 
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Jodi_the_g
Member
Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
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I have no debts, more pleased with the way I handed my money
[Edited on 01-09-2003 by Jodi_the_g]
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Savinforcorsaproject
Member
Registered: 3rd Aug 03
User status: Offline
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quote:
Originally posted by Jodi_the_g
I have no debts, more pleased with the way I handed my money
[Edited on 01-09-2003 by Jodi_the_g]
DITTIO
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Kris TD
Member
Registered: 25th Mar 02
Location: Ware, Hertfordshire
User status: Offline
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7 grand and i have no idea how the hell im gonna pay it back,
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Happy_2008
Member
Registered: 13th Mar 01
Location: Kent
User status: Offline
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lol me gonna buy a car which is the main reason i took the loan out
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Craig6682
Member
Registered: 8th Apr 03
User status: Offline
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8k. Goin back 2 uni 4 another 3 years and prob will hav 2 take da full loan again @ 4k a yaer, think it might go down a bit tho. Dat will mean i cud b in debt by 20k.
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barry_kellett99
Member
Registered: 19th May 03
User status: Offline
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HAHAHAHA Student loans are not counted as debt. ffs I took out about £10.5K and i pay back £36 a month, but i am only earning £14k
I wish i had have invested mine instead of spending it on kinder suprises
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troubled_corsa
Member
Registered: 23rd Jul 03
Location: nottingham
User status: Offline
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if u flee to another country for about 18 months, they write the debt off so u dont have 2 pay 4 it.
some told me this. dunno how tru it is
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Craig6682
Member
Registered: 8th Apr 03
User status: Offline
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quote:
Originally posted by barry_kellett99
HAHAHAHA Student loans are not counted as debt. ffs I took out about £10.5K and i pay back £36 a month, but i am only earning £14k
I wish i had have invested mine instead of spending it on kinder suprises
I spent 2.5k on my car and the rest went on stuff for my flat, think i invested mine quite well. Working as well and Mummy and Daddy help me out quite a lot.
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M4tt
Member
Registered: 18th Apr 03
Location: Potters Bar
User status: Offline
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mummy and daddy
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Craig6682
Member
Registered: 8th Apr 03
User status: Offline
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quote:
Originally posted by M4tt
mummy and daddy
That's the one. Matt man, you in a bad mood tonight!!!
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M4tt
Member
Registered: 18th Apr 03
Location: Potters Bar
User status: Offline
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no
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Craig6682
Member
Registered: 8th Apr 03
User status: Offline
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quote:
Originally posted by M4tt
no
Err... Yeah! 
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M4tt
Member
Registered: 18th Apr 03
Location: Potters Bar
User status: Offline
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err.... NO
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luca2020
Member
Registered: 26th May 02
Location: Maidstone, Kent
User status: Offline
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im taking out a 4k a year loan for 3 years, but am investing it as i dont really need it 
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IntaCepta
Member
Registered: 25th Mar 02
Location: Mill Hill East, Greater London
User status: Offline
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7 / 8k in debt.
i'm not bothered, got forever to pay it off
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barry_kellett99
Member
Registered: 19th May 03
User status: Offline
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quote:
Originally posted by troubled_corsa
if u flee to another country for about 18 months, they write the debt off so u dont have 2 pay 4 it.
some told me this. dunno how tru it is
Thats lies, I could in Theory go and work in the Irish Republic but they take like half of your salary in tax, so il pay £36 a month. If you ever come back and work in the UK again they will get you, if you havent started to pay it back in 50 years then is cleared, after all you will be drawing pension then anywho
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Scott
Member
Registered: 11th Mar 01
Location: Kilmarnock,Scotland
User status: Offline
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quote:
Originally posted by barry_kellett99
HAHAHAHA Student loans are not counted as debt. ffs I took out about £10.5K and i pay back £36 a month, but i am only earning £14k
I wish i had have invested mine instead of spending it on kinder suprises
Its laon , its you have borrowed, you have to pay it back , therefore its debt
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blebo
Member
Registered: 18th Apr 02
User status: Offline
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I was never a student......so £0
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barry_kellett99
Member
Registered: 19th May 03
User status: Offline
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quote:
Originally posted by Scott
quote:
Originally posted by barry_kellett99
HAHAHAHA Student loans are not counted as debt. ffs I took out about £10.5K and i pay back £36 a month, but i am only earning £14k
I wish i had have invested mine instead of spending it on kinder suprises
Its laon , its you have borrowed, you have to pay it back , therefore its debt
It isnt debt.
It isnt taken into consideration when you go for a LOAN, or a mortgage so therefore it isnt debt. It doesnt affect your credit rating in anyway and i know this for a fact because I had difficulty getting a credit card recently, because i HAD NO CREDIT rating!
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barry_kellett99
Member
Registered: 19th May 03
User status: Offline
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quote:
Its laon , its you have borrowed, you have to pay it back , therefore its debt
I also feel i should point out the main error in this, I dont have to pay it back
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Phil321
Member
Registered: 10th Mar 01
Location: Manchester
User status: Offline
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Any student would have to be mad not to take out a loan. Borrow at zero nominal interest, invest at 5%, leave Uni with a decent chunk in ya account and pay back about £100/month if you are earning good money! Too easy!
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M2RTY
Member
Registered: 25th May 01
User status: Offline
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debt is when u owe money for shite u dont need/dont have any more and cant afford
repaying a student loan is NOT debt, its paying for my fucking education ffs, how many times do i need to say this.
im doing 4 years at uni, thats 3k a year for 3 years, and i work for one year, so 9k all in all i will owe back.
this will be paid off once i earn over 10k a year (starting wage for the job im doing in my placement year is about 24k) and they take a chunck back per month for a few years untill its all paid off. i think this is an ok starting wage for a 20 year old concidering i live way up north. people who have worked here longer are on up to 90+ k a year, company cars, work abroad, shares for free etc etc
my accomodation at uni was 2,800 a year, and i worked part time to pay for tuition fees, food, drink, clothes, books, going out, my car etc. i came out with 1k overdraft which ive now paid off, so i didnt think ive done too bad.
if u sit in and save the student loans IMO i think its a waste of life, going out and getting shitfaced, wasting money on crap u dont need, drugs and hookers is all what living away from home at uni is all about
marv
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