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Student loan repayments 'may not meet government costs'

124

Comments

  • BillJones
    BillJones Posts: 2,187 Forumite
    nickj wrote: »
    i think you'll find that is coming from the employee, not the company , if they are making huge profits why shouldn't they cough up

    That's a weird post. In my job, at least, the salary is paid by my employer to me, not the other way round.

    If you are paying to do your job, then you are not getting a great deal.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    If you levy taxes on businesses to employ graduates then the consequence will be that anyone with a rubbish degree who shouldn't really have gone to university will be unemployable. They won't be able to get a job using the skills they have acquired at uni because, well, they haven't acquired any skills and they will now be priced out of jobs which don't require a degree. Perhaps that would be a good thing in the long run as it would discourage people who won't benefit from further academic education from going to university, but it would probably screw over rather a lot of people in the meantime.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    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.

    Place a levy on employing overseas graduates when home grown graduates are available.
    "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 Muruganantham
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    "Mr Alexander, himself a Liberal Democrat, told the Andrew Marr Show the figures were based on projections of what might happen to graduate incomes in 35 years' time, "so these numbers do move around a lot".

    "The exact forecasts will bounce around depending on exactly what people are forecasting for earnings 35 years out... I can envisage in the future. if graduate earnings pick up and rise more than forecast, that the amount we are going to collect back will improve."Universities minister David Willetts

    http://www.bbc.co.uk/news/uk-politics-26705164

    Political speak for we haven't got a clue?

    Building on sand isn't always a good idea.
    "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 Muruganantham
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    "Mr Alexander, himself a Liberal Democrat, told the Andrew Marr Show the figures were based on projections of what might happen to graduate incomes in 35 years' time, "so these numbers do move around a lot".

    "The exact forecasts will bounce around depending on exactly what people are forecasting for earnings 35 years out... I can envisage in the future. if graduate earnings pick up and rise more than forecast, that the amount we are going to collect back will improve."Universities minister David Willetts

    http://www.bbc.co.uk/news/uk-politics-26705164

    Political speak for we haven't got a clue?

    Building on sand isn't always a good idea.

    the future is somewhat uncertain : does this mean we shouldn't plan for anything?
  • shop-to-drop
    shop-to-drop Posts: 4,340 Forumite
    Place a levy on employing overseas graduates when home grown graduates are available.

    Many businesses would move or at least be more based in the countries with better cheaper graduates.

    Many UK businesses already struggle to find suitable UK graduates for example Engineers.
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Political speak for we haven't got a clue?

    It's all politics. Trying to predict the cost of a student funding system 35 years into the future wouldn't normally excite the dullest of accountants let alone the general public.

    Just another 'ticking time bomb' to go with the others in the 'black hole' to gather dust.
  • GwylimT
    GwylimT Posts: 6,530 Forumite
    1,000 Posts Combo Breaker
    CLAPTON wrote: »
    he will be paid at least 30K with virtually guaranteed rises to over 100k

    we'll get our money back

    No he wont, he'll start at £22K, the highest wage he can expect when he gains experience and is a senior member of staff is £70K, in the field he is entering this is achieved after an average of 15 years of service (not including junior years).
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    GwylimT wrote: »
    No he wont, he'll start at £22K, the highest wage he can expect when he gains experience and is a senior member of staff is £70K, in the field he is entering this is achieved after an average of 15 years of service (not including junior years).

    are you basing this on an actual payslip ?

    and 70k isn't too bad for an average doctor aged 40 ... more than many excellent graduates get
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 31 March 2014 at 11:22AM
    CLAPTON wrote: »
    the future is somewhat uncertain : does this mean we shouldn't plan for anything?

    Thought you weren't in favour of planning anything, especially when it is the state.

    Doesn't seem much of a plan in any event.

    Perhaps universities should peddle their "degrees" independently and take payment, based on success of the UK graduates they produce, over their economic life time. It would be interesting to see how long some would last.
    "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 Muruganantham
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