GazC said:Phate said:GazC said:It's not like tax/ni, you don't pay on the amount above the threshold but your whole salary. If you don't know this, well good luck with finding full time employment when you finish your degree.
A level and degree in math, well stats fwiw.
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You are completely wrong. You pay on any earnings above £21000. I've applied this year and when I went to interview at Manchester Uni they explained it as well as having it explained in tutorial at college.
You really want to question my math on the working out still?
I didn't realise the repayment scheme will be changing, it's 7 years since I finished uni. Be thankful you're getting off lightly in that case!
I'm not sure of the exact structure of the old one but I thought it was similar (except threshold was £15000 and you only pay on earnings over that)?
Under this new repayment scheme people aren't being priced out which was my point and those that can't work out what they pay back probably shouldn't be going to uni anyway.