Riots in the UK about tuition fee increases - an observation

[Scoobes]

jonop said:

Scoobes said:

jonop said:

PS3beats360 said:

Drop out of university and  do not bother doing anything with your life. Tories have tripled all university fees across the board.

They claim it is a measure to pay back the debt, reduce the deficit and increase the number of youth unemployment. Government bureaus can magically smooth the figures to cover up the increasing unemployment rates.

Unless you are an upper-middle class or closely related to the Royal family like most Tory MPs, you will not be able to afford to go to university.

Sign up on the welfare and just play your War Craft and console games or do whatever you want. 

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.

The interest you pay is based on how much you earn. If you earn 21k you don't pay interest.

This is the full policy from the BBC

The government has pushed through plans to allow universities to charge up to £9,000 per year, raising the cap from its current level of £3,290. Universities wanting to charge more than £6,000 would have to undertake measures, such as offering bursaries, summer schools and outreach programmes, to encourage students from poorer backgrounds to apply.

The government would continue to loan students the money for fees. The threshold at which graduates have to start paying their loans back would be raised from £15,000 to £21,000. On 8 December, the goverment announced this threshold would rise annually with inflation - not just every five years, as had been planned.

Each month graduates would pay back 9% of their income above that threshold.

The subsidised interest rate at which the repayments are made - currently 1.5% - will be raised. Under a "progressive tapering" system, the interest rate will rise from 0 for incomes of £21,000, to 3% plus inflation (RPI) for incomes above £41,000.

If the debt is not cleared 30 years after graduation, it will be wiped out.

You edited your post, lol!

OK, fair enough. Now I'm just pissed at the interest my student loan has built up.