4 ms·
54K seems like a really good deal (at least, an incentive for anyone to take on a university course). In the UK, the threshold is much, much lower: https://www.
by eyko 9y ago
54K seems like a really good deal (at least, an incentive for anyone to take on a university course). In the UK, the threshold is much, much lower: https://www.gov.uk/repaying-your-student-loan/what-you-pay https://www.gov.uk/repaying-your-student-loan/what-you-pay
- user5994461 9y agoProbably speaking in australian dollars.
- mmarx 9y agoWhich is still ~32k GBP, so almost double the UK threshold.
- dx034 9y agoThe UK threshold is still sensible. 9% for everything above £17k and forgiving all debt after 30 years means that paying back your debt won't significantly affect your lifestyle and that lower earners will never have to pay everything.