DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Are University Loans, Interest & Playing Rugby Permissible?

**Lenkapuppia** · 02-17-2012, 02:32 PM

Does this apply to the students who have taken out £3340 tuition fee loan this year or in few previous year because i think they are advertised as interest free but when you pay back, its adjusted with the inflation rate.

In reality if you do some research you will find that they do mention an interest rate. For the current tuition fees there was a 2-3% interest rate clearly stated in one of their booklets. I believe students know very well that they won't be paying back the same amount, they know they will have to pay more. A Muslim needs to be careful as this is a serious issue. Some Muslim students become relaxed and outrightly give necessity as an excuse and go for it. Nobody should be naive in this regard, we should act out of precaution if we don't think there is interest (which there is). That is, we should shiver when we hear such a debate, for we know riba is a major sin and we just leave it there. For the one who choses the halal path, Allah will bless them and grant them more inshaa Allah. You might think you come from a poor family, but believe me it is amazing how Allah will help you if you remain obediant.

As for the very past, I think there used to be something called the tuition grant? Where tuition fees could be payed off by that? Now that system is no longer in use for a few years now. All I would advise my brethren is that they should never go near interest, not even a student loan. If you really have to, get a job and work for a few years before you get to university.

02-17-2012, 02:32 PM	#15
Lenkapuppia Join Date Oct 2005 Posts 516 Senior Member	Does this apply to the students who have taken out £3340 tuition fee loan this year or in few previous year because i think they are advertised as interest free but when you pay back, its adjusted with the inflation rate. In reality if you do some research you will find that they do mention an interest rate. For the current tuition fees there was a 2-3% interest rate clearly stated in one of their booklets. I believe students know very well that they won't be paying back the same amount, they know they will have to pay more. A Muslim needs to be careful as this is a serious issue. Some Muslim students become relaxed and outrightly give necessity as an excuse and go for it. Nobody should be naive in this regard, we should act out of precaution if we don't think there is interest (which there is). That is, we should shiver when we hear such a debate, for we know riba is a major sin and we just leave it there. For the one who choses the halal path, Allah will bless them and grant them more inshaa Allah. You might think you come from a poor family, but believe me it is amazing how Allah will help you if you remain obediant. As for the very past, I think there used to be something called the tuition grant? Where tuition fees could be payed off by that? Now that system is no longer in use for a few years now. All I would advise my brethren is that they should never go near interest, not even a student loan. If you really have to, get a job and work for a few years before you get to university.
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