Student Loans repayment system

The current student loan system encourages earlier repayment based on income. Designed to be deducted at source and paid monthly. Many entrepreneurs will have a catalogue of debts, income streams, unexpected bills, taxes and cashflow issues at the beginning of their business journey.

The current system is not flexible in aiding the entrepreneur during startup or expansion and not well understood.

If we are to encourage todays students who are already feeling the pressure of the student loan system to start businesses we need to add felxibility to the repayment system at a bare minimum.
Gary Smith, Prism | Tue 7th Jan 2014 at 18:58

1 comment:

This is conceptually a good idea, but nowhere do you actually say how you want to do this? Buying years of repayment delay for extra interest payments or a higher rate?, is that what you're thinking ?
Simon Clark, SJC Systems Limited | Fri 10th Jan 2014 at 23:35

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