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25 Apr 15
09:29
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Date Joined:
01 Feb 12
I have no idea how they work but does anyone know if they are also charged interest?
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http://www.slc.co.uk/services/interest-rates.aspx |
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yes - interest charged
no repay unless you earning over a certain limit cancelled after 30 years |
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ok thanks for the info, I had heard about the payback according to your salary. A tip then for anyone reading who knows someone about to embark a life as a student, when applying they should state that they are of the Islamic faith. It is not against Islamic teachings to give or receive loans, but it is to make a profit from them. I missed this when it came out last year but some of you may already know of it, the government has set up a special fund for all Muslims, so that they may borrow their student loans, without having to pay any interest back. A great idea which I hope can prove beneficial to others.
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are they making a profit on them?
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who?
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anyone -- theres no profit in the system -
most written off ... |
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do you pay student loans back on gambling winnings ?
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only if you do it full time
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That's incredible.
If they don't want to pay interest don't give them a loan. Let their own community fund them. Our country and our rules. |
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Deltâ
25 Apr 15 09:38 yes - interest charged no repay unless you earning over a certain limit cancelled after 30 years Interesting  what's the wage limit? |
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21k
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per week
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I'm not taking a pay cut.
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