Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Student Loans : That's Another Fine Mess you've Gotten us into
Comments
-
In addition to the above, the student loans company assumed itself that 80% plus of all students would not repay half what they "borrow" from the student loans company.
& remember, my above example assumes no career break, no pregnancy, no recession/redundancy.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »In addition to the above, the student loans company assumed itself that 80% plus of all students would not repay half what they "borrow" from the student loans company.
& remember, my above example assumes no career break, no pregnancy, no recession/redundancy.
I presume the calculation was that we will have to pay for those educated professionals we want i.e. teachers, doctors, nurses, scientists, engineers with the others we don't really want but could make the country more competitive and therefore more money.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
To compete with other countries people in this country need to be more qualified.
As the government cannot control universities directly, and believe in the free market then they cannot dictate (apart from in certain fields) the number of UK students a university can take on to a particular course.
Olly,
True; however in the current political climate I cannot see any shade of Government unleashing unrestricted market forces.... and I certainly can't see the Unions going down without a stonking great fight over it. It would mean that students had to be much more savvy as to value/worth etc as in your free market model, ALL Govnt funding would/should be withdrawn.
DS0 -
I presume the calculation was that we will have to pay for those educated professionals we want i.e. teachers, doctors, nurses, scientists, engineers with the others we don't really want but could make the country more competitive and therefore more money.
It is bizarre that no-one did the maths as above.
And yes, you are correct. These are professionals that we need. As are the academics (& the finance that Higher Education brings in!). We've done very well as a natio for years recruiting people from abroad, into organisations such as the NHS, where we haven't paid for the financing of their education & development, but reap the riches of it!
Now, I see students looking to study in Holland, for example, where tuition fees of £1000 are available. Students feel it is better value for money...
This current government though is taking this 1 step further, with advanced learning loans for further education for people 24 and over. Lord knows where it will end!It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »
Repayments therefore work out at approx £360 a year (9% of £4000). Multiply that by the 30 years a person pays = repaying £10,800. The other £40k (plus any "interest") is wiped off the record!lemonjelly wrote: »In addition to the above, the student loans company assumed itself that 80% plus of all students would not repay half what they "borrow" from the student loans company.
& remember, my above example assumes no career break, no pregnancy, no recession/redundancy.
It beggars the point of doing by way of a debt attached to an individual other than for bookkeeping purposes, keeping it off the treasuries debt, if 80% is accepted as "non recoverable" from the individual.
Is a contingent liability less of an obligation in the eyes of the IMF et al.?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
presumably we are comparing the 6k max scheme with the 9k max scheme introduced last year
are you saying there has been no change in level of grants?
are you saying that the parental earning cut offs for grants and loans are unchanged?
It was a £3.5K scheme versus the new £9K scheme.
The £6k figure was abit of a hope and prayer from ministers, surely the universities wouldn't jump straight to £9K?
To charge 9K the unis have to provide some assistance to the less well off, either bursaries or fee waivers AIUI.
As far as I can find the only change to maintenance grants, thresholds is indexation.
I can't find any form of comparison chart other than the one you posted a while back. Even that link is now dead but I did keep a paper copy."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
it has been mooted that the government may try to sell off the existing student loan book
it would be interesting to see what sort of value would be attached by a commercial organisation0 -
Instead of arsing about with the loans system the govt should simply just ration the funding so that if you don't get more than BBB at a level or whatever Mickey Mouse qualifications sixth formers take these days you don't get access to the government funding system for higher education. They should also restrict funding to degrees that are actually useful to the economy.
That way people who will benefit from university will be able to go without taking on such crippling debt and we wont keep churning out useless drama and media studies graduates who do nothing for the economy. If anyone else wants to go to uni then they will have to convince someone else to lend them the cash to fund their pointless degrees.
It will never happen as students are "off balance sheet" as far as unemployment stats are concerned this any major change will result in the youth unemployment stats becoming even more horrendous.0 -
it has been mooted that the government may try to sell off the existing student loan book
it would be interesting to see what sort of value would be attached by a commercial organisation
Probably get someone like capita to bid billions then the govt signs without reading the contract and suddenly finds that it is on the hook for all sorts of admin charges and clawbacks and ultimately a bail out. Net loss to the tax payer of £4.2 billion, I predict.0 -
chewmylegoff wrote: »Probably get someone like capita to bid billions then the govt signs without reading the contract and suddenly finds that it is on the hook for all sorts of admin charges and clawbacks and ultimately a bail out. Net loss to the tax payer of £4.2 billion, I predict.
I do wonder why the call then self capita or serco they might as well just call themselves government plc."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
This discussion has been closed.
Categories
- All Categories
- 346.1K Banking & Borrowing
- 251.2K Reduce Debt & Boost Income
- 451.1K Spending & Discounts
- 238.2K Work, Benefits & Business
- 613.3K Mortgages, Homes & Bills
- 174.5K Life & Family
- 251.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards