(no subject)
To all the students/ grads/ people involved with the UK student loans company in any shape, way or form:
> For most unsuspecting graduates who are paying back their
> > >>student loans, the inland revenue takes payments directly from your
> > >>employer in the same way as they take tax. i.e. the more you earn the
> > >>more you pay, this includes bonuses etc. However after taking monthly
> > >>amounts the inland revenue does not pay this directly to the student
> > >>loan company, instead they wait until the end of the financial
> > >>
> > >>year in April and then pay the entire year off to student loans.
> > >>
> > >>The effect of this is that the inland revenue hold on to your
> > >>monthly payments for up to a year earning themselves interest. During
> > >>the same period, because student loans have not received these funds,
they
> > >>in turn charge the graduate interest on the outstanding amount even
> > >>though it has been paid to the inland revenue.
> > >>
> > >>Bottom line is that for those in this position we pay interest
> > >>to student loans on money which has been taken from our accounts which
> > >>the inland revenue keeps and earns interest on.
> > >>
> > >>
> > >>Personally I didn't sign up for this and it makes me
> > >>MAD! I have researched this and there are others who have
> > >>become aware of this and I plan to join the fight!
> > >>
> > >>
> > >>As a start I strongly suggest you sign up to the on line
> > >>petition below. I am looking into the legality of what
> is being done to us as I can see no other description
>
> for this other than THEFT!!!!
>
> Sign up now and join the fight. Send this to everyone!
> I will be forwarding dates for the march on Parliament!
>
I've made this post public :-)
> For most unsuspecting graduates who are paying back their
> > >>student loans, the inland revenue takes payments directly from your
> > >>employer in the same way as they take tax. i.e. the more you earn the
> > >>more you pay, this includes bonuses etc. However after taking monthly
> > >>amounts the inland revenue does not pay this directly to the student
> > >>loan company, instead they wait until the end of the financial
> > >>
> > >>year in April and then pay the entire year off to student loans.
> > >>
> > >>The effect of this is that the inland revenue hold on to your
> > >>monthly payments for up to a year earning themselves interest. During
> > >>the same period, because student loans have not received these funds,
they
> > >>in turn charge the graduate interest on the outstanding amount even
> > >>though it has been paid to the inland revenue.
> > >>
> > >>Bottom line is that for those in this position we pay interest
> > >>to student loans on money which has been taken from our accounts which
> > >>the inland revenue keeps and earns interest on.
> > >>
> > >>
> > >>Personally I didn't sign up for this and it makes me
> > >>MAD! I have researched this and there are others who have
> > >>become aware of this and I plan to join the fight!
> > >>
> > >>
> > >>As a start I strongly suggest you sign up to the on line
> > >>petition below. I am looking into the legality of what
> is being done to us as I can see no other description
>
> for this other than THEFT!!!!
>
> Sign up now and join the fight. Send this to everyone!
> I will be forwarding dates for the march on Parliament!
>
I've made this post public :-)