Student Loans we're being ripped off!

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Calling all British students i have to warn you that we are being ripped off, yeah tell us something we don't know!, but this is something new. Please read below and then sign the petition on the link provided To anyone who has a student loan pls read on and sign the petition on the link below! It seems we are all getting ripped off! For most unsuspecting graduates who are paying back their student loans, the inland revenue takes payments directly from your employer in the same way as they take tax. i.e. the more you earn the more you pay, this includes bonuses etc. However after taking monthly amounts the inland revenue does not pay this directly to the student loan company, instead they wait until the end of the financial year in April and then pay the entire year off to student loans. The effect of this is that the inland revenue hold on to your monthly payments for up to a year earning themselves interest. During the same period, because student loans have not received these funds, they in turn charge the graduate interest on the outstanding amount even though it has been paid to the inland revenue. Bottom line is that for those in this position we pay interest to student loans on money which has been taken from our accounts which the inland revenue keeps and earns interest on. Personally I didn't sign up for this and it makes me MAD! I have researched this and there are others who have become aware of this and I plan to join the fight! As a start I strongly suggest you sign up to the on line petition below. I am looking into the legality of what is being done to us as I can see no other description for this other than THEFT!!!! http://petitions.pm.gov.uk/Student-loans/ Sign up now and join the fight. Send this to everyone! I will be forwarding dates for the march on Parliament! Cheers, Witless Ian Dunnett Governance Operations Reporting Analyst Enterprise Planning & Delivery