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I question where all the magic money is coming from. I would feel a bit hard done by if my taxes go up to fund something I had to pay many thousands for.
Its a very easy thing to say from labour to attract young voters
putting more and more people every year into a larger amount of debt...
Education is a thing I don't mind paying tax for, but as with all things I'd rather the government stop shitting money into a deep hole and use what they already rob from us.
Get a nice big loan with no real intention of turning up etc, and drop out before the end. Good nights out in Bristol though eh!
Also, unis are a lot less fussy on who they take sometimes. They are giving unconditional offers based on as level results.
All this ends up with nothing going back into the economy apart from the job at asda they had before hand.
(all this of course is only in places, no offence)
I'm in University now, and on my course I'd say realistically, 25% will drop out this year and maybe a few more next year.
If someone had said to me we'll loan you all the money to go to Uni and you won't need to pay it back until your earning plenty of money yourself I would have jumped at the chance
I don't think there's anything wrong with tuition fees ... it's a fair system that gives everyone a chance
Unfortunately, a university degree is no longer what it was - it seems to me to be the new 'level' at which a lot of companies will set as their minimum requirement for employment. Do you really need three or four years of university (at a cost of ~ £60k all-in) to be ready for the ASDA management training programme? I think anyone who is accepted onto these programmes would have done just as well if they started without the degree. It seems like the HR industry have found a way to avoid wading through a few (actually probably a lot) of pointless applications.
If there was going to be any financial incentive for new university students I think it should be that a chunk of your debt is knocked off for the successful completion of an Honours degree in a BSc or similar - BAs have to accept the full whack. So, instead of £27k tuition debt at the end of the course it is, perhaps, £18k. I think the real investment though should come at the postgraduate level - that's where you start to see a real thinning out of those that are at university because 'that's what you do at 18 or 19' and those that are there to invest in their own futures.
9% of what you earn over £15k doesn't cripple anyone, and when the fees increased the payment threshold also increased to £21k, so it's definitely not crippling anyone is it?
The lecturers (Physics) at my Uni I've spoken to since I left said that the increase in fees have made students taken their studies more seriously, and also led to more students studying "harder" courses, rather than "soft" courses.
Both of these things seem to be good, and yet, the average student will pay back less, because the payment threshold has gone up, and the amount has gone up, so most people will never pay it all back.
The current system is the most progressive we've had, everyone at 18 can borrow the same amount of money from the Government, and those who earn loads after graduating pay loads back, those that earn a decent amount pay a decent amount back, and those that earn nothing or a little pay nothing back. Seems fair to me.
When I went to Uni (2005 to 2009, took a year out in industry) people from "poor" families had lots of grants and bursaries, and people from "rich" families got money from home, both groups had more money than they "needed" to live and study, and those in the middle were broke and scrapping by. I hated how at 18 I was allowed to take debt on in my name as an adult, and my parents income counted because I was a child. Which am I? Adult or child? Whichever suits the Government best.
New system seems way better.
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How exactly is that crippling?
The only people "crippled" by tax are those that worry about things they don't need to be. If the fear of "debt" is enough to stop you going to Uni, you probably shouldn't have gone anyway.
You get a job based on on your A-Level qualifications. The company then determines if you should get a degree and then send you off to do a relevant degree. It may be straight away or later depending on where you are on your career path.
These days companies won't even hire people to make sandwiches or file paperwork without paying them as unpaid interns or apprentices, they're hardly going to fund degrees.
The days of joining a company and getting trained up, progressing and retiring are long gone.