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GEM Loan Repayments

spagboll · 2011-04-11 19:16:06

Has anyone started repaying or even looked into it? I have my own calculations: Intern 60K (this is with overtime, lets not get into it but i think OT will be paid) this is 41k net SHO (in Oz) 46k net (with overtime, this is an official figure), couldn't get any hard info on SHO rates in Ireland so 4 years in Oz plus the…

11-04-2011 7:16pm

#1

spagboll

Closed Accounts Posts: 283 ✭✭

Join Date: October 2010

Posts: 254

Has anyone started repaying or even looked into it?

I have my own calculations:

Intern 60K (this is with overtime, lets not get into it but i think OT will be paid)
this is 41k net

SHO (in Oz) 46k net (with overtime, this is an official figure), couldn't get any hard info on SHO rates in Ireland

so 4 years in Oz plus the intern year nets 225k, one could have the full 100K loan plus interest paid if they lived on about €400 p/w, hopefully then being a debt free reg

my goal is not to draw down the 100k

i try not to listen to the stories of interns/shos creaming it on over 100k/year, ive never heard it first hand

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