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Student Loans
o anyone who supports a graduate tax or the current system, would you mind explaining to me why? I strongly disagree, I find the current system ludicrous. Everyone who goes to university receives the same "service", why should middle earning graduates be punished by paying back 3-4x as much as they would on the Plan 1 (pre-2012) system? It's just a redistribution mechanism, which means people who go and do mickey mouse degrees never pay back a penny. No other country in the world charges students this much for an education!
The Plan 1 system should be restored, fees should be cut to 3k a year, and maintenance grants (up to 3k) restored. The interest should be slashed to around 1%, and the repayment period should be until 60. There will also need to be a partial debt forgiveness, for those of us who started during the last 8 years, to bring our debt in line with those Plan 1 students. I don't see why the system should be progressive at all.
Comments
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Everything's easy and free with a magic money tree.0
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Every other country seems to be able to afford it? We do need to reduce the number of people going to university.
Why don't we put a minimum grade as requirement for funding? I.e. you need XXX at a level to be eligible. That should do it.0 -
Take a look at USA's student loan system, a lot of people have to borrow from banks and have to make repayments even if they are unemployed.BK524 said:Every other country seems to be able to afford it? We do need to reduce the number of people going to university.
Why don't we put a minimum grade as requirement for funding? I.e. you need XXX at a level to be eligible. That should do it.
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People in the USA can apply for income contingent repayment, just like us.0
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And their total student debt is much lower than ours due to generous financial aid and scholarships. We only have loans!0
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This belongs on the Debate House Prices and the Economy board.0
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Sorry, I'm new to the forum. Are you able to transfer it?0
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