We have to pay in the UK, however everyone gets 'free' student loans to cover it. They cover tuition (£9k per year) and you have the choice of a 'maintenance loan' (basically to cover living costs) of £3-12k depending on whether you live in London or not. I think interest matches inflation, it is paid back via a tax straight out of your pay check but not until you are earning more than £25k per year. Also worth noting that tuition fees used to be about 1/3 what they are now but were raised around 2010. One of the talking points in the current election is how the opposition wants to get rid of them entirely.
Re:US Household Debt Surpasses 2008 High
by blacktulip on Thursday May 18, 2017 @05:43AM
(#14365942)
The threshold is £21K. You repay 9% of anything above that. After 30 years the debt is written off no matter what.
Re:US Household Debt Surpasses 2008 High
by tonyedgecombe on Thursday May 18, 2017 @08:48AM
(#14366733)
I think the interest rate is currently RPI + 3%.
In SOME countries in europe, higher education is free. I've met plenty of Brits with student loans. They're still in Europe (and the eu for now)