Student Loans and pensions

[evoesque]

I was pondering the following the other day...

If the govt dish out these loans to students and then the student repays the loan when they earn £15k + why doesn't the govt use the repayments to start a pension for said student?

I'm guessing that most people leaving uni and starting life in the real world don't have a great deal of spare cash to put into a pension. So rather than repaying the loan why not put it aside for later in life when the govt is going to have to pay out anyway. Pension deficits are going to be an issue when the current student generation reaches retirement age so how about provisioning for it now?

And if said student loses their job / requires benefits how about taking it out of the repayments that have been made?

It's been a quiet day.

[stigmundfreud]

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

[funk odyssey]

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

[evoesque]

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

[Simpo Two]

All money goes through The Government and they - uh - keep most of it.

It would be nice if you just earned money and got to keep it, to buy things and live in your old age. But because the Govt creams off every spare penny, you work all your life and are still almost bankrupt.

[stigmundfreud]

evoesque said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

Oh - my - god.

If you genuinely have a degree was it a BA in Stupidness?

Of all the idiotic things I've read, even posted, you have surpassed all expectations of posting without a clue.

You took a loan, you owe the money. If you then repay those payments into a pension you effectively have been given the money for free. The rest of the world pay for their pension ontop of any other outgoings they have. ITs how it works. Otherwise the govt might just aswell give everyone 15k pension pots, or should it only be students who originally borrowed the money to live on when the rest of us got jobs?

I had not, until this thread, believed the hype about just how poor the modern education system is but this post has quite simply made me do a 180 degree turn of opinion.

[evoesque]

stigmundfreud said:

evoesque said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

Oh - my - god.

If you genuinely have a degree was it a BA in Stupidness?

Of all the idiotic things I've read, even posted, you have surpassed all expectations of posting without a clue.

You took a loan, you owe the money. If you then repay those payments into a pension you effectively have been given the money for free. The rest of the world pay for their pension ontop of any other outgoings they have. ITs how it works. Otherwise the govt might just aswell give everyone 15k pension pots, or should it only be students who originally borrowed the money to live on when the rest of us got jobs?

I had not, until this thread, believed the hype about just how poor the modern education system is but this post has quite simply made me do a 180 degree turn of opinion.

I'm not going to get into an internet argument with you but suffice to say I'm no idiot. Can I presume that you, if you went to uni, didn't have to pay fees? I did and I'm now paying £200 pm for the priviledge, money that subsequently isn't going into a pension and that the govt will be paying for later on.

My point, and perhaps I didn't make it clear in my original post, is that the money paid by the student for going to uni should be used later in their life for a pension, effectively meaning going back to free university education but with the benefit that the students will be starting a pension for later in their life, which I suspect isn't currently happening. The govt isn't giving them £15k for their pension, they're rather subsidising their university education and the student is being forced into paying into a pension pot for later in the lives.

I suppose it means getting into a whole new argument about the govt and university fees.

Edited by evoesque on Wednesday 11th March 23:08

[Busa_Rush]

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Or he's still smoking the blow

[stigmundfreud]

Busa_Rush said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Or he's still smoking the blow

He doesnt want to get into an internet argument, nor do I, so I'll just finish on this about the idea...

bwahahahahahahahhahahahaaaa

[Alfa_75_Steve]

[Pommygranite]

Of course all students should be subsidised for gaining qualifications that will help them earn more money in life that they could then save for their own pension.

Students. Bag-o-ste.

[stigmundfreud]

nice introduction of Mr Calf, I doff the proverbial in your direction

[Fittster]

evoesque said:

the govt will probably have to make it up later in my life because of it.

You'll be lucky.

[evoesque]

Fittster said:

evoesque said:

the govt will probably have to make it up later in my life because of it.

You'll be lucky.

Exactly

[Saag Aloo]

Stigmund Freud was always a bit controversial though weren't he. Andrew Marr was on about him last night.

[Alfa_75_Steve]

evoesque said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

<checks profile>

Instead of buying fancy cars, you could have cleared your debt and now be paying into a pension.

[evoesque]

Alfa_75_Steve said:

evoesque said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

<checks profile>

Instead of buying fancy cars, you could have cleared your debt and now be paying into a pension.

I am paying into a pension thanks and I hardly think that a Skoda Diesel constitutes as a 'fancy car'.

[Alfa_75_Steve]

Well, I can see somewhere in the region of £20-£40k worth of current or previously owned cars in your profile.

Surely that would more than cover your student debt?

Anyway, if you have enough money to buy cars, pay off your student loan *and* pay into a pension - what are you complaining about?

[pokethepope]

evoesque said:

Alfa_75_Steve said:

evoesque said:

stigmundfreud said:

so what you are saying is govt give say 10k to some scroat, who then spunks it on blow and booze and then when said student eventually graduations with some form of 2:3 BA's degree that the govt should basically put the payments into a pension pot for that student? Effectively just giving them money for free?

You did some form of BA didnt you?

Yes, I did. What does that have to do with anything? I'm paying my student loan back and as a result that money isn't going into a pension and the govt will probably have to make it up later in my life because of it.

The student would repay the £10k and rather than the govt paying out later through a pension the student is effectively getting the money they paid back later in life. Almost like a compolsary pension.

Isn't there a massive pensions deficit? Who's going to pay for that? The govt...why not make the student kick start their pension?

<checks profile>

Instead of buying fancy cars, you could have cleared your debt and now be paying into a pension.

I am paying into a pension thanks and I hardly think that a Skoda Diesel constitutes as a 'fancy car'.

...your previously owned are though.

ETA didnt refresh, beaten.

Edited by pokethepope on Thursday 12th March 00:23

[evoesque]

Alfa_75_Steve said:

Well, I can see somewhere in the region of £20-£40k worth of current or previously owned cars in your profile.

Surely that would more than cover your student debt?

Anyway, if you have enough money to buy cars, pay off your student loan *and* pay into a pension - what are you complaining about?

I'm not complaining per se as I am in the fortunate position to be able to pay for the above.

I was just musing that the govt may be better spending their money now on subsidising education and as a result have the younger generation forced into paying into a pension fund. I see this as being preferential to students paying for their education and therefore forgoing their pension payments for the first 8 yrs of their working life leading to issues later with deficits...which I guess will be picked up by the next generation?

Like I said, it was just an idea I had and it appears one that is not shared by the majority. Guess I won't run for PM at the next general election.