Does anyone think student loans aren't the marvellous thing the Government would have us believe? By its own calculator, if my DSs borrow £56,000 for a four year course(£9,000 tuition and £5,000 maintenance per year) they'll pay back £154,030 over 30 years, paying 6.6% interest from day one. Wouldn't we be better off taking out a second mortgage at 1.99% than doing this? Or am I missing something vital?
Please or to access all these features
Please
or
to access all these features
Talk to other parents whose children are preparing for university on our Higher Education forum.
Higher education
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.