View Full Version : woohoo, 10.8% payrise
Del Lardo
09-06-2011, 19:03
Farewell Student Loan http://forums.seloc.org/images/smilies/the_bird.gif you will not be missed.
Hello overpayment rebate, I've already spent you in my head :wave:
Bitch.
Seriously though, nice one mate. :)
Sweet! I feel sorry for the poor sods going to uni now :( 9k per year fees. There was a report of UK students going abroad because of it, Holland IIRC.
TinkerBell
09-06-2011, 20:41
This is the reason I don't like Uni's. People at 30 are still paying off their loans!! No thanks :p
Del Lardo
09-06-2011, 20:56
This is the reason I don't like Uni's. People at 30 are still paying off their loans!! No thanks :p
If HMRC hadn't lost* 5 months of payments from my previous employer I would have finished paying on my 29th birthday :angry: and to be fair despite completely cocking up my degree it opened up earning potential that I would never have had if I hadn't gone.
* "we are not admitting fault but we cannot prove that we payed the money to the Student Loans company"
I've switched to DD now to try and accelerate the pay off. Still £200 a month at the moment.... :(
Blackstar
09-06-2011, 21:22
I've started paying mine off...£12 a month. Thank you Scottish University.
Knipples
09-06-2011, 21:37
No payrise here, frankly im just grateful to have a job right now.
Lucky git, still got 5-6 years left on mine.
nice. I got 16% a month or so ago. Rocks. ;D
Psymonkee
10-06-2011, 00:28
Nothing 2 years in a row in an ever growing supermarket chain.
Wonder how much of a rise the big bosses are getting? :\
nice :)
I haven't had that much in last 6 years put together :(
and I have done better than most at my place, most haven't had a rise for 10 years
Sweet! I feel sorry for the poor sods going to uni now :( 9k per year fees. There was a report of UK students going abroad because of it, Holland IIRC.
you reckon they are going because of the fees
Mum, Dad, if I spend 3 years in Amsterdam it will save you a fortune, mmmm ;D
LeperousDust
10-06-2011, 01:32
Woohoo i don't earn enough to pay it back! ;D:D
//Ignoring my **** situation/problem :p
Very nice. About 3-4 years ago our company did a re-calculation of salaries against competitors (also 5 good people left in 5 weeks) and we got similar percents.
However, that was a first, and since then anything about 2% (or anything at all) has been considered very good. Review period is now July, and the company is currently showing major profit margins against targets and the last few years (where we still made a decent profit). Hmm, we'll see.
Despite not going as well as hoped, getting a degree really increased my earning, but if I'd had to pay off £30k+ in place of £10k or so? would definitely have caused some re-thinking.
On that note, mate joined the police and had to pay off the £10k or so he owed for 2/3 of his degree (the police will pay for the rest I believe), he had to borrow from family for that - a lot of folks don't have that option, and that was before it cost £9k a year.
I paid mine off out of my savings a few years ago. I was on the older 'mortgage' style system which was up to the first year they introduced fees. A couple of years ago I noticed the interest rate was up to 7.9%, so I decided to clear it.
Del Lardo
10-06-2011, 12:33
Just to clarify, my company haven't given me a penny more, I was very surprised what a difference the payment stopping made to my income, well for a month or so until the extra money gets stuck into my pension :(
Just to clarify, my company haven't given me a penny more, I was very surprised what a difference the payment stopping made to my income, well for a month or so until the extra money gets stuck into my pension :(
Then I apologise for thinking bad thoughts about you! I thought 'smug git!!' as I watch my monthly paycheck slowly decrease and not be able to do a damned thing about it. Other than leave. Or whinge! Nice one on getting rid of the millstone :)
I was very surprised what a difference the payment stopping made to my income
Yep, I think everybody forgets that bit. Even on a modest wage when you've got £150+ off every paycheck it makes quite a big drain on your everyday life. That's money you can't use to progress in life with. You can't use it to go towards savings, pension, mortgage, car, kids etc etc.
Fine when you've got a small loan that you can pay off in 5 years. Not so good when it takes 10 years. Absolutely appalling if it will take 20+ years.
Yep, I think everybody forgets that bit. Even on a modest wage when you've got £150+ off every paycheck it makes quite a big drain on your everyday life. That's money you can't use to progress in life with. You can't use it to go towards savings, pension, mortgage, car, kids etc etc.
That's because it's already money you've spent to progress life before you even had it.. paying off your student loan is progressing your life. Unless your degree is completely and utterly useless.
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