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#40 A student loan is a form of debt, period! Why I disagree with Martin Lewis...
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Content provided by The Money Spot™ - UK Personal Finance and Heather Katsonga-Woodward. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Money Spot™ - UK Personal Finance and Heather Katsonga-Woodward or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Now, I disagree with Martin Lewis (the founder of moneysavingexpert.com) on many issues related to debt but on no issue are we more at logger heads than on student loans! Martin Lewis is of the view that UK student loans are not really loans but a form of tax, a graduate tax, in his view…his reasons for thinking this way are based on the way student loans are currently structured. I disagree because viewing UK student loans as a just another tax ignores the following critical issues which are explained in the podcast: 1. UK student loans are not interest free; 2. The repayment threshold can change, so: caveat emptor; 3. Student loans might not be forgiven in the future; 4. Student loans reduce the rate at which you can save, invest and jump onto the property ladder… In the ideal world, student loans wouldn’t exist and everyone could get a tertiary education for free. However, student loans do exist and I think it is helpful to view them as loans and to either avoid them or use them wisely as elaborated in this podcast. RESOURCES B School for Kids: https://www.katsonga.com/mybooks.html Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/mybooks.html Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga
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51 episodes
MP3•Episode home
Manage episode 329375196 series 2838867
Content provided by The Money Spot™ - UK Personal Finance and Heather Katsonga-Woodward. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Money Spot™ - UK Personal Finance and Heather Katsonga-Woodward or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Now, I disagree with Martin Lewis (the founder of moneysavingexpert.com) on many issues related to debt but on no issue are we more at logger heads than on student loans! Martin Lewis is of the view that UK student loans are not really loans but a form of tax, a graduate tax, in his view…his reasons for thinking this way are based on the way student loans are currently structured. I disagree because viewing UK student loans as a just another tax ignores the following critical issues which are explained in the podcast: 1. UK student loans are not interest free; 2. The repayment threshold can change, so: caveat emptor; 3. Student loans might not be forgiven in the future; 4. Student loans reduce the rate at which you can save, invest and jump onto the property ladder… In the ideal world, student loans wouldn’t exist and everyone could get a tertiary education for free. However, student loans do exist and I think it is helpful to view them as loans and to either avoid them or use them wisely as elaborated in this podcast. RESOURCES B School for Kids: https://www.katsonga.com/mybooks.html Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/mybooks.html Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga
…
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