RhysHopkins
Member
- Location
- Ystradgynlais
Going OT now but my daughter wants to be large animal vet. Mrs PBH tried to put her off cos the uni cost is so high and earning potential so poor in the main. She'll probably have debts of 60k + and the wages wont even cover the interest on the govt loan scheme. But she's not bothered about the money so we can but encourage and support her as far as we are able. (Which won't be very far in monetary terms!)
I'm a vet student at Nottingham at the minute and it's not all doom and gloom! I think I borrow about £14/15k a year (9k for tuition and 5/6k maintenance for rent and living costs) usually get by alright but your maintenance depends on your parents wages.
Unless you earn silly money you're never going to pay back all your loan and it would be stupid to try and pay it all back!
You only have to pay back 9% of anything you earn over 21k (so if you follow that's £90 for every £1000 you earn over 21k). So earning 30k you'll pay back £810 + interest a year (I think its 2.5%?).
And it gets written off after 30 years.
Yes the wages aren't the best when compared to doctor, dentist, accountants and solicitors but I think if people go into it for the money they're not looking at the right job!