Martin Lewis: Student Loans Decoded

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Information Martin Lewis: Student Loans Decoded

Title	:	Martin Lewis: Student Loans Decoded
Lasting	:	58.00
Date of publication	:
Views	:	333 rb

The first political party to scrap SFE and cancel all loans will be elected by the young people in Britain
Comment from : Robin Redbreast

135 this year on plan 2😢
Comment from : wolfcouty962

Fuck uni, interest and tax
Comment from : Moustafa Albatran

"A new set of values, because YOURS are narrow!" Wow
Comment from : Senzo Tanaka

What if the student cannot pay the loan off Will the parents be stuck with the childs debt?
Comment from : Ross Adams

So we are supposed to encourage our kids to be low earners? The system is still corrupt and geared towards a conservative class based structure The rich kids zero debt - the poor saddled with debt and not encouraged to earn more than 24k…
Comment from : DonnaD

Should be listened to
Comment from : David Teasdale

Will they chase any assets I have in the 8 years before it is written off?
Comment from : Lee Stalker

Just bugger off to another country and ignore SLC
Comment from : ItsOttis

Jjjhyu
Comment from : Montas Uddin

Educate people on 2 rate tariffs as many people do not know what tariff they are on 2 rate tariffs were designed for storage heating People now have gas boilers installed but have not changed there tariff Changing to a single rate tariff could save hundreds
Comment from : Nige Q

This is all highly inaccurate now It should probably be taken down
Comment from : wasteddragon

Brilliant video, super helpful thanks brbrTo make it even better you could add the graphs you talked about on a screen behind
Comment from : Kiran Dobson

I'm surprised this hasn't got more views
Comment from : D

Martin Lewis should be the next PM of Britain!
Comment from : Regina

All universities are scams, they won't ever teach you real truth realness
Comment from : geo_ neo9

Martin forgot to add NI to his marginal rates Once you do that, you get to 4225 for a graduate earning over £27k a year going up to 5225 at £50k At the point at which you cross these thresholds, your hourly take home rates of pay for an additional hour's work are about £850 and £13 respectively which some might argue were so low you would find little incentive to take on any extra work These are the kind of marginal rates that tend to destroy productively in an economy Russia, by contrast, has had a flat tax of 13 for the last 25 years and income tax revenues have never been higher They also have free university tuition of a much higher quality than in the West The West has forgotten how do free markets economics
Comment from : Chris Wardle

What about if the government retroactively changes the rules? :)
Comment from : Paul Hill

Martin for prime minister
Comment from : J M

OMG he is so GOOOOOOOD!!!! i love this man i was so worried that i was going to be on so much debt on my plan of 7 years of uni, now i know a lot i thank you so much mr martin lewis
Comment from : madiha

My dad said "I hope you don't expect me to make up the difference" before I even asked him lol Luckily, I got a £2000 a year bursary from my university
Comment from : John M

The true Tory 'philosophy' is that if your parents can't afford to pay towards your further education - tough!
Comment from : Hari Owen

If only Labour would stop using student debt as a keystone in their elections, this is as good as it gets to expose the misinformation they push on students and partially why the young prefer left wing ideology, well until they are older and they statistically move to the right after realising
Comment from : genome616

great point This pandemic was about contol bringing us into a huge debt that will take a generation to clear
Comment from : AARON CLARK

Tax payers
Comment from : This is me Xx

Why his he still allowed on here when he supposed to be battling against the elite come on don’t let ya parents money or trust fund or scholarship go to waste wake up people ❤please
Comment from : This is me Xx

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Comment from : Fidelmavdvd O Shea

rpi nowadays is a killer
Comment from : Rafa Valiente

the only one who could get some money, was the son of a pizzaman, yes he was, he was oh he was
Comment from : tam

Angalia uwezo wa hawa hi janebrIbindi hanobr👇👇br youtube/S1PLKDmC49QbrE
Comment from : Anny Ingabire

jó reggelt 💔💯💔❤️💋🤭🤭👩‍❤️‍💋‍👨👩‍❤️‍💋‍👨💚💚🤗💕🤫😘💓💙💙💖🐘
Comment from : Marta Peter

Brilliant information 👍
Comment from : Maxwell mc

Yes wow brilliant FFS what country is he in
Comment from : Jock Ster

54:51 here watching this in 2022 where they are going to change the 30 year wipe to 40 year wipe 😢😢😤
Comment from : dearjem

Why do they have to pay this graduate contribution? My friend did a Mathematics degree in the 1980’s and did not pay a penny In Scotland they don’t pay tuition fees And in the EU some countries don’t pay a penny The next generation should be more educated than the present Shouldn’t that be so in England and Wales?
Comment from : Wide Bleek

not sure if i trust this man what's in t for him stay clear
Comment from : Remo Rossi

Loads never intended to pay it backbrBob
Comment from : rickthemelt

simple! i wouldnt !
Comment from : Andy The Gabby Cabby

Government does not pay Tax Payers pay!
Comment from : Ivan Mectin

Brilliant, Martin What a pity so many people responding to misleading articles about the 12 clearly have not watched this video and are unaware of the true facts The only question that remains for me is whether one should apply for any loan if one has a well paid placement for the 3rd year close enough to enable one to live at home but still has to pay something to the university (God knows why) My instinct is not to, assuming one can still get the loan for the final year
Comment from : Lorna Lancaster

Brilliant
Comment from : The Mxoli Adventures

OUT OF DATE Only relevant if you can trust government handling of the terms of the loan - interest paid, thresholds, etc - going forward And the UK government have changed these April 2022brbrWITHDRAW THIS VIDEO AND ISSUE A NEW ONE
Comment from : Dave King

This was all very interesting and allbut I am absolutely SICK of listening to it I wish you could tell youtube: Ive seen this stop showing me it
Comment from : Anon

But the government can reduce the amount you earn before tax and increase the interest rate as they have just done on both counts
Comment from : Phil Atherton

Money Saving Expert, He's The Money Making Expert worth 120 million Making Millions from all these so called MSE deals on there Website, Every Link You Click On Makes Him More Money, Why Dont They Link To Smaller Business To Keep Them Going Not Just All The Big Corps,
Comment from : daddymulk

more brainwashing loada #hit brcontrolled opposition
Comment from : CST

Good but missed the opportunity cost of lost employment during the years at university (could be 60k or more)
Comment from : S Heaton

not sure this man knows what his talking about what's in it for him probably big money
Comment from : Remo Rossi

12 per cent interest? Yeah that went well Martin
Comment from : alice hammond

Lewis wants the horrible tories out Can’t wait till he gets starmer and co into number ten He knows nothing about how quick labour can bankrupt Britain
Comment from : jeremy western

Comment from : جلال احمدی

Great speaker
Comment from : Ay Ak

Education is a right and should be free to all UK citizens like the NHS, full stop The present system burdens the future younger population with permanent unbearable and avoidable debts
Comment from : Baqir Hemraj

what happens now ,shafted with new interest rates
Comment from : magnus

The news today - in quite scare-mongering tones - is all about how student loan interest rates will rise to around 12 later this year But will this change the advice Martin gives here? My understanding is that, for most people, it will not Most people will still be paying the 9 ‘extra tax’ without ever paying off the entire loan This change will only impact the reasonably highly earning people who, with this higher interest rate, might now not pay off the whole loan before 30 years has elapsed (and so might end up paying more to the student loans company overall)
Comment from : Ben

Dear young teenagers don't bother with University it's too expensive!!!
Comment from : Paula Abdul

He didn't know covid came along!!!
Comment from : Paula Abdul

So the education isn't worth what we think!! But this government penalise's our children before they even step into life!! Enslave them to greedy governments its Utterly disgusting!!!
Comment from : Paula Abdul

During covid their experience was nil & void the whole university experience didn't happen they paid for laptop learning which they could have easily done without paying £9,300 so it was a waste of time!!!
Comment from : Paula Abdul

University isn't worth what it says on paper!!! our children are riddled with worry & working part time jobs & not having time for their friends family
Comment from : Paula Abdul

Moron loves the sound of his own voice
Comment from : me

Bbb bbb
Comment from : It’s me Memene

Imposter
Comment from : IKnow

I am currently in university I can't work and my maintenance loan is not enough, I'm a mature student so I have no parents to help, I get my loan 4 months apart, I can't work and can't get uniseral credit so I'm struggling, I only have three months to go and feel I might have to drop out because I'm struggling?
Comment from : puppylove

The government can change the repayment conditions at any time over the lifetime of the loan and the student
Comment from : Anoop

if you move country you don't pay it bacl too ;)
Comment from : The Male Role Model

System designed to keep people poor It s intention
Comment from : Dussadee R

Excellent explanation
Comment from : ELIAKIM Joseph Sophia

Is it not over complicated ?
Comment from : michael poole

For srilankan students who is going to study in UK
Comment from : Gidz Creation

This is what school pupils need to be taught more off Real life issues
Comment from : J Mac

The problem is the student loans system is so complicated because they keep making changes to it and try and make it fair Since tuition fees are £9250 per year, I think it is only advisable to go to university if you are genuinely academically talented
Comment from : Arjun Bhaduri

Unless you need a specific degree for your field, you are a fool for going to university
Comment from : Frusciante’s Plectrum

He was spot on in many ways One thing that was miles off though was the idea that wages go up nicely with inflation
Comment from : DeeBee

Can this be shown to someone in the government to show them how ridiculous their system is???
Comment from : Louise T

Discussion on income tax is nice, but ignores 12 National Insurance up to the higher rate threshold, and 2 beyondSo that's a graduate basic rate deduction of 20 income tax, 12 NI and 9 student loan 41
Comment from : Robert Woolley

Zoe is clearly not taking this info in, she just wants to pounce on him!
Comment from : Anom x

Excellent Video Thank you very much Martin! You are a great speaker
Comment from : Gav

Work full time, save, gather experiences, study part time if you have to and go through the actual road without any loans/debt I think once you are paying for your education is when you actually have a stake in it, it builds character and endurance Take your time if you have to The quality of education in universities are standardized anyways As my grand father who was a general manager of a bank in the 70`s-80`s once told me - "The person who has debt is a dead man" - might sound harsh but there is some truth to it (UK inflation rate per DAY is 000049 / rate of M2 printed is also increasing each day - guess how its going to be balanced ;) ) Good luck yall
Comment from : reewam