Thursday, December 9, 2010

Student fees - hullabaloo!

Having attended a fine dinner party at the Overgraduate's last Saturday where we put the world to rights in many ways and subsequently getting caught up in Birmingham this week with the Student protests (the Police presence did look a bit like man for man marking!), I felt compelled to put in my two penneth.
Why do all the politicians keep banging on about no up front charges - a decoy me thinks to stay away from the real issue.
The real issue - As I understand it the fees are supposed to be paid for out of the vastly increased income stream that will be earned as a result of having a degree!
Firstly - The politicians are obviously wholly unaware of the number of graduates leaving university that not only can't get a job above the repayment threshold (even the current one), but actually can't get a job at all!! That is unless you live in the South or South East.
Secondly - Do they not realise that although you don't have to pay it back until you graduate the psychological deterrent that a debt that size creates in peoples minds is a disincentive itself not to go. It will put off the unsure ones like my eldest son who is only at Uni because there is a barrier to entry into his chosen carrer that is called a degree!
Thirdly - The housing market is as we all know on its knees despite the continued effort of the Estate Agents to talk it up. The market only grows in a noticeable way when the first timers start getting on the ladder and push the market. How on earth does anyone think two graduates setting up home together in say 2016 can contemplate getting a mortgage when they could have between them in excess of £50,000 worth of student debt tied firmly round their necks. It could be far in excess of this if they have had Subsistence loans as well.
How long do you think it will be before some bright spark in a think tank or on a quango decides that school education should be paid for and anyone going on to further education should contribute to their schooling cost by paying for it with the increased salary they will get after they have got their degree which they only got into because of their schooling in the first place!!
Oh what a tangled web we weave!
Don't forget you read it here first.

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