A few days ago I received a letter from the Student Loads Company. This is the comany in the UK that regulates, well, student loans. Their website is at www.slc.co.uk. Why not visit it and wish them a horrible Christmas this year?

Anyway, the letter details how much interest has been accruing on my account since September of last year. The amount is approximately £30 a month. That’s £1 a day.

This is great, because they never actually tell you that on the form when you’re applying for it. They mention, of course, that it will be in line with inflation, but they don’t actually tell you that inflation is surprisingly high, and that it all adds up, and that your naïve assumptions of it not being that much are wrong.

Misery and death forever be upon the Student Loans Company!

Update: And the government!