Government stuffing young people again, student loans

[Binjob118]

Great day to bury the news that from next year student loans will be repayed over 40 years instead of 30. This makes a massive difference. Hate this government and Tony bloody Blair for stopping free tuition. Of course, won't affect all the rich kids who never take out the loan. This on top of impossibility of young people ever being able to buy a home makes me want to scream. Totally screwed. Certainly don't think IABU!!

Pair back academic degrees to Russell Group universities and make everything else vocational.

What degrees have the highest return on investment? I very much used to have the belief of lets subsidise STEM only. I think that is where innovation comes from.

"free" programs are always tax payer funded and spread out so everyone pays a little bit. which at this time with fuel costs/transport costs/housing costs might not be appreciated either.

@Ohdearthatwasntgreatwasit

What a load of shit. I have a first class degree, followed by a vocational masters degree and I didn’t even sit my maths GCSE.

I can assure you I was more than academic.

@Florenz, maybe change the subsidized degree which are covered based on research and the countries needs. so some years more nursing seats and some years more chemistry seats or geography seats. not just a blanket STEM. but it likely does mean less historical costumes or less art history degrees (which are amazing topics to study but should be limited as i'm sure the job prospects are equally limited).

@downtonabbeyfan1234

If people earn under the threshold, has the education gone to waste?

The investment that the taxpayer has made in that student has gone to waste.

Any student should be able to access university education. Having it bankrolled by the taxpayer, however, should absolutely be a privilege reserved for the brightest and best.

[quote HariboMaroon]@Ohdearthatwasntgreatwasit

What a load of shit. I have a first class degree, followed by a vocational masters degree and I didn’t even sit my maths GCSE.

I can assure you I was more than academic.[/quote]
Shame that 1st didn’t educate you out of making obtuse posts, eh?

YANBU

Tony Blair managed to push tuition fees through very quickly!

I view the student loan payment as a kind of graduate tax that's another amount coming off my pay each month

The balance is pretty massive- definitely over 20k- not checked in ages

But I'm not that bothered about it ie it's not a debt I'm desperate to get rid of like a credit card debt

Any remaining balance gets written off after 30 years so I'm happy to carry on with PAYE each month

So many friends & colleagues have their student loan payments each month

@fallfallfall

well university is not free in the usa, or canada. what western nations offer free? aussie, new zealand?

Erm - Scotland, Ireland to name a couple.

@Ohdearthatwasntgreatwasit If students aren’t academic enough to pass maths GCSE at a first sit, then they’re just not university material. what a ridiculous comment. My SIL has Dyscalculia.
My nephew achieved A* in maths further maths and computer science at A level. He is now in his second year at Durham. He “failed” English language and English literature.

an education never goes to waste, but that doesn't mean it should be funded by the government.

@Ohdearthatwasntgreatwasit

I’ve had many different types of education dear.

Unlike you with your (ever so narrow minded and predictable response).

As you were…. 😁

@Ohdearthatwasntgreatwasit should say my sister has Dyscalculia and a PHD. Your comment enraged me so much I forgot what I was typing!

I don’t think it should be a loan or that there should be fees, it should be a graduate tax. That’s essentially what the people who had to take a loan have. The current system falls down when students whose parents can pay the fees up front have extra disposable income afterwards. One of DH’s friends, his parents paid his tuition fees. His parents were able to gift him a large sum towards a house. They’re the same age as parents but have been able to retire earlier and look after their child. DH’s friend has a lower mortgage due to a considerable cash gift, have no childcare fees and no student loan repayment. A graduate tax makes it much more equal for those who choose to go to university regardless of their background.

I have the maximum loans pre-2012, I’m from a lower income background and paid for my masters by working full time. I don’t think the whole population should pay for my education but I don’t think the loan system works.

We should all pay for education because we all benefit from education. We all benefit from the educated people produced.

You can argue about whether we should have so many doing what sort of degrees - childcare ffs used to be a YTS (youth training scheme) and does not pay enough to cover the debt.

Other countries in Europe somehow manage to shoulder this impossible burden of free education for essential jobs that necessarily require education. Other countries that are, we are told, poorer than ours. Which is it? Is this a rich country refusing to pay for the services it wants, preferring to create a nation of ever more educated slaves? Or a poor nation which just happens to have a few of the most phenomenally wealthy people on the planet? It can’t be both. And in either case, why should those of us doing the bloody work not just take from those who have been taking from us our entire lives?

I think it's sad government no longer given for ALL the people, even ones who don't vote for them. But, we are where we are, students don't vote Tory so the government can shaft them as much as they like, enough other people will vote for them.

@Aishah231 I believe the US has better quality unis and they get a lot more funding etc due to the fact it is not free.

We all benefit from certain degrees being studied. Medicine, STEM etc. Do we really gain from philosophy, history and english graduates? Who could have just studied that on their own in the library and with some free online courses.

Also if they earn enough after their degree they should pay back their costs.

Yes you do gain from history etc graduates. You get people who know the story of your people, who are trained to think, and who are able to run the country at all manner of levels. This has been known since ancient times. The amount of incompetence in Britain since real history and philosophy has been attacked demonstrates the principle beautifully.

@ParsleySageRosemary you can learn all the history you want by just going to the library.

Libraries are publicly funded!

And yes, I did, thanks. I can’t afford to work in them any more though, not while you’re expecting staff to keep them open for free.

I think it's outrageous, honestly I have no idea why the young are taking this shite. They should emigrate if they can

@ParsleySageRosemary per person spending is most likely going to be less than the funding needed for a history degree.