jonop said:
People will be able to afford it because you don't have to start paying it back until you start earning £21000 a year. |
You do realise how quickly the interest will build up? What if they decide to do a post-grad degree? Or can only get a job that amounts to slightly more than the £21,000?
Already, a lot of graduates on the current system come out with debts of >£15,000 and get jobs paying approx. £22K. Do you know how quickly the payments pay off that amount? They don't. They all go on interest payments. With £40-50,000 debt they'll be losing money on the starting salaries. Most students will be in debt for the majority (if not all) of their professional career.