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by bumby
2378 days ago
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I think the difference (if I'm understanding the U.K. situation correctly) is that in the U.K. the loan can be paid off in full prior to the end of the term, correct? In the situation above, it acts more like an investment rather than a loan. (i.e., there's no upper bound on the payment, outside of the 5%/15 year cap, so the student may pay back more than they receive) |
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