FIFTEEN HUNDRED QUID A MONTH FOR TUITION (think about it)

TurnUpForTheBooks_2

This week and the next one or two are when first year students will be headed home after finishing their exams.

I never was brilliant at Maths but I got some A levels in it once.

Seems these students barely got started 6 months ago.

£1,500 per month is more than many of them can dream of taking home at any time in the first couple of years after graduation, yet apparently, not including the cost of books and materials, or of course the cost of living, it is right to burden these young people with debts the size of which only greedy commercial minds and dumb politicians who don't know the price of milk could dream up.

So I encourage everyone to think about it, for this is a uniquely English phenomenon.

timbo58

eh?

ok I'll have to assume here so please let me know if I'm wrong?

£1500 pcm is the study fee?
where?
for what?

TurnUpForTheBooks_2

timbo58 wrote: »

eh?

ok I'll have to assume here so please let me know if I'm wrong?

£1500 pcm is the study fee?
where?
for what?

Yep only the tuition fee charged by the university.

Where? Most universities in England for most undergraduate courses you can name as sold to students resident in England

My experience relates to undergraduates taking STEM courses at what are broadly seen as established institutions (Russell Group and the like).

So do please think about it.

£9,000 divided by 6 months at uni equals £1,500 per month.

Indie_Kid

But it's not 6 months for everyone.

janiebquick

Most unis have 30 week years = £300 a week.

TurnUpForTheBooks_2

Indie_Kid wrote:

But it's not 6 months for everyone.

I was going to ask what is it for most? But then janie was quicker and said it was typically 30 weeks on the university books - which for me is a bit too close a number to my original 6 months presentation (½ times 52 weeks) when you adjust it for Christmas and Easter holidays and faffing around in freshers weeks etc. and then considering that around April undergraduates are generally encouraged to revise for a few weeks without much obvious university input ... isn't that closer to my 26 weeks than 30?

janiebquick wrote: »

Most unis have 30 week years = £300 a week

Is £300 per week a nicer number to think about? Isn't marketing wonderful

To me, £300 pw is more than the typical take home pay of the university graduated Pret-a-Manger workers many of us see daily. So why would they borrow to pay an institution £300 week for 3 or 4 years.when they could probably go out 3 or 4 years earlier and get started on the same sort of first job paying them £300 pw if they put sufficient of a smile and a personality into it? :-)

And why then should it not be ok for such a student higher education refusnik to take out government guaranteed / few questions asked / never never pay loan anyway and use it as a deposit on a first time buy instead of a university course?

Who then are the clever ones in lop-sided equations like this ?

Indie_Kid

It was 24 weeks for me. But That was my first year and we had no exams; just coursework.

geerex

What's your point?
They're not paying it straight away, and for most of them, the education will enable them to get better paying jobs on the future.

The pay difference between a poorly educated low paid job and a post requiring a degree will be far more than the costs of the education.

As for courses that don't lead to well paying jobs...market dynamics.

TurnUpForTheBooks_2

geerex wrote: »

What's your point?

I did suggest that we think about it - the clues are there well enough! Did you not read them?

They're not paying it straight away

... oh dear ... you believe that don't you? Can I suggest we try not to confuse the verbs 'to pay' and 'to borrow' ?

..., and for most of them, the education will enable them to get better paying jobs on the future.

And you swallowed that one whole too ? :rotfl:

The pay difference between a poorly educated low paid job and a post requiring a degree will be far more than the costs of the education.

And that one ... oh woe !

As for courses that don't lead to well paying jobs...market dynamics.

Pardon? Arm waving you mean? Not like that - like that! Ha ha! :rotfl:

photome

But its not just £1500 a month, its about £2000 a month with flat rental

My son is home after finishing his first year has has paid another 2 months uni accomodation fees but wont use it.

When he goes back he then has to pay 12 months private rental, so the monthly figure will be higher

Just saying

jackieblack

geerex wrote: »

The pay difference between a poorly educated low paid job and a post requiring a degree will be far more than the costs of the education.

This is the key, for me. If they're studying to enter a profession which requires a degree, then the fees represent an investment in their future.

Going to University is like any other financial commitment, each individual needs to weigh up the pros and cons and make a judgement on whether the cost equals or outweighs any realistic potential benefits.

Anyone just going for the 'student lifestyle' or who just sleepwalks into it without giving it proper consideration must accept the potential consequences of poor financial judgement IMO. The same goes for those choosing courses that don't lead to well paying jobs.