I think it's awful that students will be potentially saddled with so much more debt than they already are, in a market where there are so few grad levels jobs. But that's the price you pay when you try to send 50% of kids to university. We cannot possibly, possibly fund 50% of all young people to stay in full time education until they are 21. Anyone who thinks we can, or should is nuts.
I understand the students' anger and frustration and fear, but I think most of them have little understanding of how things have changed - they think it sucks that they don't get full grants like their parents, but the bottom line is, in their parents' day most of them wouldn't have been there in the first place. They'd have done an apprenticeship, or a one or two year course in the local tech or poly and be out in the big wide world by 18 or 19, debt free.
Sending this many kids to university is a silly indulgence frankly. We just cannot sustain it.
It's a horrible time because so many kids have become accustomed to the fact they will go - it's what everyone does - they think it's an automatic right, and a rite, in both senses! The only people who don't go now are
a)the apathetic no-hopers, the NEETS
b) the people who have very strong vocational/trade leanings likes chefs, builders etc(and even most of those courses are being converted to degree status now)
c)a handful of mavericks/trailblazers who see the situation for what it is, and have decided to buck the trend, strike out by themselves and see what life brings them.
As usual the ones who will really suffer are the ones who qualify for no help whatsoever, but whose parents are not well off enough to help them out along the way. A whole swathe of middle income kids will be so in fear of the debt they won't dare go. People seem to think this only applies the children of the poor or benefit dependent. What nonsense. The only people able to go into HE in two or three years time will be the children of the very rich - and the children of the poor, who will continue to have their fees wiped out by a grant.
Allowing some universities to set higher fees will sort the wheat from the chaff, undoubtedly, in terms of course/uni quality, but it will also mean that middle income kids will pick the course they can afford rather than the one which is right for them based on their abilities. That's wrong.
If we stopped treating all courses as equal and offered funding/loans in accordance with ability and course suitability/quality, then people would start to really think about whether the debt is worth it, given the likely outcome. Some courses will die a natural death, quite rightly. At the moment it seems to be nothing more than an artificial construct to keep loads of otherwise unemployed young people busy while we worry about what to do with them all for the next 20 years.
Currently you get access to the same funding/loans whether you go to Cambridge with 5 A* or to the University of Nowheresville with 2 E's and an ASBO. And you are not expected to pay back your debt until you earn above a certain limit, so the bright employable kids who have benefitted from their degree pay theirs back sooner, whilst the ones who should never have been in the first place - don't. There is a glaringly obvious problematic situation there.
Not to knock non-academic young people - they have many desirable skills and talents -I just think it's time we took a good hard look at the whole sorry thing, and re-evaluated what HE is supposed to be about.