Students sign up for weekly grant

With the news that more 16 and 17 year olds are being bribed to go to school, occurs on the same day my statement from the Student Loans Company (SLC) came through.

Now what I find shocking, is that although in the last tax year (April 2003 – March 2004) I paid off £550, I was charged £250 in interest. Now of course I understand that the loan is index linked, and the interest rate was 2.5% (or something similar), the problem I do have is that the £550 taken from me, by the Inland Revenue, never accrued interest whilst they were holding it for me, to give to the SLC.

So I’m asking those MPs that read my blog, is this really fair?

1 thought on “Students sign up for weekly grant

  1. Banning drinks promotions is a great idea. Cinemas don’t charge less for popcorn on quiet nights, they vary their admission prices. Bars can do the same, charging an entry fee on busy nights whilst having a consistent price for drinks.

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