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MSE News: Only one third of pupils understand the new tuition fees system
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"Chris Pond from the Financial Services Authority explains what his views are on the new Financial Conduct Authority"
"Chris Pond from the Financial Services Authority explains what his views are on the new Financial Conduct Authority"
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Comments
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It seems pretty daft to ask this sort of question of pupils aged between 11 and 16!0
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Yeh, when I was 11-16 I was thinking about my GCSEs, not student finance!0
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I agree that the critical point is making sure that the 17-18 year olds understand about student finance if they're thinking of going to university, but I believe that increasingly 15-16 year olds are being asked to start thinking about university more specifically if they have aspirations or intentions to go - that was certainly the case at the (bog-standard) comprehensive I was at.
A-level choice is pretty crucial for entry to certain degrees, after all. However, I'm not entirely sure that people in the 11-14 year old category need to fully understand how university finance works, unless its something they would need to begin preparing for at that age (which, currently, it isn't).0 -
i don't think many more than a third of people in HE understand the new fees system yet! the worry is that the school students don't understand the basics of who the loan is from..... although plenty of current uni students don't understand the interest payments or know the repayment threshold. if they get taught about it at school, that would be a vast improvement.:happyhear0
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Both my 17yo daughter and myself fully understand the new fees system (other than those aspects that they haven't yet decided upon!) and let me assure you that understanding it does not make it any easier to swallow.
I personally wish MSE would stop banging the "people don't understand it" drum and instead move ahead with the "people understand it and think it stinks" message.
TBH, if you can't understand the fees system, then maybe it's best if you forgo university and leave a place free for someone with sharper skills?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
lol i think i agree with that, but i think we'd lose 40-60% of students! so many don't know much about the current system (just look for some of the threads on here..... it will seriously scare you!)gadgetmind wrote: »
TBH, if you can't understand the fees system, then maybe it's best if you forgo university and leave a place free for someone with sharper skills?
(btw, i think everyone agrees that the new system stinks, but it's a done deal now and we're stuck with it):happyhear0 -
melancholly wrote: »i think we'd lose 40-60% of students!
Good. This country does need a well-educated work force, but I think many of those getting degrees now are wasting time and money. A degree should be something for the best and the brightest not the default option for everyone.
And this isn't intellectual snobbery, just a honest view on what would be best for both the country and those involved. The vast majority of jobs don't need a degree, so why go and get a totally irrelevant bit of paper?
It will be interesting to see how numbers enrolling and courses taken change in 2012.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Hear hear !gadgetmind wrote: »I personally wish MSE would stop banging the "people don't understand it" drum and instead move ahead with the "people understand it and think it stinks" message.0 -
Why would MSE take that approach? It's a done deal, so the important thing now is that people understand the system. Read the facts, not what those against it want you to think seems to be the situation.0
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Read the facts
I have, thank you, several times, and in great depth.not what those against it want you to think seems to be the situation.
"Those against it" seems to be close to everyone. What is it that you think they want me to think and what reason would I have for thinking it?
HMG (and you!) seem to be trying to get across the message that if you're against the new system, then that's because you don't understand it, and they then start to explain it again. MSE is just adding fuel to the "keep explaining and they'll grow to like it" fire IMO.
Sorry, don't bother explaining it again, not you, not HMG, not MSE, because I understand it in exquisite detail and have even put together a complex model in Excel that projects my 17yo daughter's likely situation though to her mid 50s. Based on this, I hate every scintilla of the new scheme.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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