Warning to parents of future uni students

iclaudius_2

This blade runner-esque future of US student debt seems pretty foreign today
http://www.bbc.co.uk/news/business-19816156

however it's probably only about 10 years until the debt sizes are the same here as UK universities will have no choice but gradually charge increasing fees.

setmefree2

The UK student loan system is very different from the US one. If the UK government doesn't provide the UK student with a job the loans get written off in 25/30 years time and the future tax payer will pick up the cost. Potentially this could create massive problems for future tax payers but not for the individual student.

Read this if you want to scare yourself:-
http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=421227&c=2

The BBC article is an interesting article nonetheless. Google "American Student Debt the next subprime" if you want to really, really scare yourself. Here's an example:

http://www.cnbc.com/id/39911910