Student loan repayments 'may not meet government costs'

nickj_2

CLAPTON wrote: »

no, salary is paid by the employer

to the employee , and then the employee pays the uni fees , so why not let the company pay a contribution as well , instead of leaving it up to the tax payer to foot the bill

CLAPTON

nickj wrote: »

to the employee , and then the employee pays the uni fees , so why not let the company pay a contribution as well , instead of leaving it up to the tax payer to foot the bill

I don't really like the idea that our best, most technical companies, should have special graduate taxes applied to them that their competitors overseas don't pay.

And in any event, companies never pay taxes, only their customers pay unless the company is driven out of business by overseas competition.

Thrugelmir

CLAPTON wrote: »

I don't really like the idea that our best, most technical companies, should have special graduate taxes applied to them that their competitors overseas don't pay.

And in any event, companies never pay taxes,

Corporation tax?

GwylimT

I think my sons university loans will total around £45,000 when he completes his degree, when he gets his first post as a junior doctor he will be paid around £22000, so he will pay £90 per year towards his student loan, he will stay at around that salary for three years, so clearly those payments wont even come close to paying the interest, never mind the balance.

Even under the older system where payments started at £15K and fees were on average £3,500 many loans weren't paid off, so it isn't exactly a surprise that even fewer will now be paid.

globalds

The problem is that many positions won't entertain an application from anyone who is not a graduate.

With every other country trying to push out high percentages of graduates rather than some alternate concept of having only the top 2 or 10 % allowed leaves your countries remaining youth at a serious disadvantage.

This kind of opportunity requires only one thing really ..That you are a graduate in anything http://www.jetprogramme.org/

we do have one place with an 80% take up of university places ..that is Kensington and Chelsea .

I think regardless of peoples concepts of what degree education should be for ..The reality for most is it gets you an interview for a junior management position rather than a shelf stacker.
If people don't pay back loans I don't mind ..I would put one out on the limb here ..but I guess even badly paid graduates form a very small portion of the UK population who are a drag on the rest of us because of incarceration , criminal or anti social behaviour and a wish to avoid any kind of social responsibility.
Another one of those cost against value discussions.

CLAPTON

GwylimT wrote: »

I think my sons university loans will total around £45,000 when he completes his degree, when he gets his first post as a junior doctor he will be paid around £22000, so he will pay £90 per year towards his student loan, he will stay at around that salary for three years, so clearly those payments wont even come close to paying the interest, never mind the balance.

Even under the older system where payments started at £15K and fees were on average £3,500 many loans weren't paid off, so it isn't exactly a surprise that even fewer will now be paid.

he will be paid at least 30K with virtually guaranteed rises to over 100k

we'll get our money back

sharnad

nickj wrote: »

surely the companies who will benefit from their staff having a degree should bear some of the costs ,so for instance if you study a science and then go and work for a multi billion£ pharmacutical company why shouldn't they cough up some cash for your knowledge

THey already pay by giving a higher salary

chewmylegoff

nickj wrote: »

to the employee , and then the employee pays the uni fees , so why not let the company pay a contribution as well , instead of leaving it up to the tax payer to foot the bill

Like employer's national insurance or corporation tax or something?

shop-to-drop

CLAPTON wrote: »

I don't really like the idea that our best, most technical companies, should have special graduate taxes applied to them that their competitors overseas don't pay.

And in any event, companies never pay taxes, only their customers pay unless the company is driven out of business by overseas competition.

Agree this is a really bad idea, not least for the UK grads who may be passed over for candidates from overseas if this extra tax on employing the UK grads makes them more expensive to employ.

CLAPTON

Thrugelmir wrote: »

Corporation tax?

companies sole source of ongoing funds are customers receipts (except for crony capitalism that is taxpayer funded of course)

all company expenses including tax therefore come from their customers : how could it be otherwise?

taxes on companies whether corporation tax, employer NI etc either raise the selling price to customers or drive the business overseas