Will you be affected by the recent announcement by The Students Loan Company?

Technically, yes. However, there's no way I'll ever be clearing off even the CURRENT student loan figure, so they can add all the interest they like and it won't make me any more able to pay them back the amount I currently owe.

That's not very good news, I have to say. Not looking forward to that!! Do you know the rate or when they'll be intorducing it??

I am so lucky that I went through the Uni thing just before the loans were introduced. I am glad that I don't have to have the worry of a loan over my head and in an ideal world think that they should be abolished. Can't see that happening though.

Fortunately no, I got my degree paid for by my employers, I did it part time and worked full time at the same time so it was hard but worthwhile when I passed. Don't think I would like the thought of so much debt hanging round my neck.

probably as both children went to uni and took out these loans.I am sure I will get involved some way along the road in some form or other.Mind you they have had a good run for their money.

I won't as I am post grad and paying my own way (though hoping my employer might decide to chip in a bit) but my younger brother is at uni, and it will definitely have an impact on him. They are providing a pretty bad service - some students have had to drop out in recent years because they couldn't get the money the SLC promised to lend them due to administrative inefficiency - so it seems a bit rich for them to be putting up the price!

i have to say i suspected that the deals on uni loans were going to worsen. its another reason im glad to be getting an open uni one as its free for me! :)

I won't be affected but I was lucky enough to pay mine off in the five year period after graduating (lucky being that I had to pay it off as I earned over their limit).

Didn't people have to pay interest on the balances anyway? I'm sure I was charged interest until I cleared it, nominal compared to a normal loan admittedly. At the end of the day it is a loan and you shouldn't really expect not to pay interest on it. Have I misunderstood the question?

I think that these changes are disgusting. When I took out my loan, there were set terms on the interest charged. Now they are just putting it up because they need some money? Its like me taking out my car loan at e.g 6% interest and then 1 year later being told I have to pay 15%. If they want to do it, they should impose new terms on new students so everyone knows where they stand

I always thought that interest was charged after a certain time anyway. To be honest I don't see why it shouldn't be, it is a loan. Perhaps some students who waste money may think twice and before anyone berates me I know many students struggle but many others abuse the system.
Noone should pay any interest though until they are earning a certain amount and I do think there should be a period of grace. My son will be going to uni next year hopefully.