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Originally Posted by Damien
The policies they seem to have revealed today are ridiculous. 'Freezing' student loans at £9000 is not going to appease those who think it's too high, instead of a radical house building program they're going to extend help to buy which will only make houses more expensive.
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I think this does show how out of touch the Tories are at the moment. Freezing student loans is a bit of a joke when they should never have been at the level they are now.
Also, what they don't discuss is the interest rate at which they are charging students:
https://www.theguardian.com/money/20...flation-brexit
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At the moment, new starters and current students are charged 4.6% – the March 2016 RPI figure of 1.6%, plus 3% – on their loans. But from September this will rise to 6.1%, made up of the March 2017 figure of 3.1%, plus 3%.
As a result current students and a sizeable number of graduates will see the interest rate on their student loan jump to more than 24 times the official Bank of England base rate.
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They have basically lost the young vote as I see it.
They encourage the young to go to University, make them pay a price totally unrelated to delivery cost that is controlled by what is, in effect, a cartel. Then when they graduate, they then face the realistic prospect of a minimum wage job together with a massive personal debt going up at an unreasonable interest rate.
Oh, did I forget the bit where they cannot afford to get on the housing ladder like we were able to do ..