Paul McKeown wrote:The best source for facts is the DTI website.
Actual it is now BIS: http://www.bis.gov.uk/
Their 'student finance' page http://www.bis.gov.uk/policies/higher-e ... nt-finance
"Graduates will not make a contribution towards tuition costs until they are earning at least Â£21,000, up from the current Â£15,000. The repayment will be 9% of income above Â£21,000, and all outstanding repayments will be written off after 30 years. This means all graduates will pay less per month than they do under the current system. The Â£21,000 earnings threshold wil also be uprated annually in line with earnings from April 2016 (when the majority of students who commence a three year degree course in September 2012 will become liable to repay."
Students going to university in 2011 will normally pay fees of Â£3290, but the typical cost of living of about Â£7,000 is also in their student loan. Hence on graduation they will owe about Â£31,000.
Students going to university in 2012 will normally pay fees of Â£6000 [that is what BIS says, 'some' courses will charge up to Â£9,000], but the typical cost of living of about Â£7,000 is also in their student loan. Hence on graduation they will owe about Â£39,000.