University fears could rise to £9000 a year.

[Frankeh]

http://www.guardian.co.uk/education/2010/nov/03/tu...

I really don't see the big deal.
Load of students are wahhhing about it in my facebook newsfeed but to me it seems like it will have the following positive effects:

1) It will make students think twice before partaking in a frivolous degree so they can party for 3-4 more years without starting real life.

2) It will mean universities will be better funded for those that attend.

An extra 15K onto your student loans isn't going to really effect you if you took a decent degree in the first place, will it?
If you took 'Even Management Science with media studies' and got into £20K of debt for the pleasure then whose fault is that? Not the governments.

We'll hear the art students and the PE students whine about this, but I doubt we'll hear engineering students making much of a fuss.


Edit: Fears = fees. Brain slip.

Edited by Frankeh on Wednesday 3rd November 11:54

[youngsyr]

Frankeh said:

http://www.guardian.co.uk/education/2010/nov/03/tu...

I really don't see the big deal.
Load of students are wahhhing about it in my facebook newsfeed but to me it seems like it will have the following positive effects:

1) It will make students think twice before partaking in a frivolous degree so they can party for 3-4 more years without starting real life.

2) It will mean universities will be better funded for those that attend.

An extra 15K onto your student loans isn't going to really effect you if you took a decent degree in the first place, will it?
If you took 'Even Management Science with media studies' and got into £20K of debt for the pleasure then whose fault is that? Not the governments.

We'll hear the art students and the PE students whine about this, but I doubt we'll hear engineering students making much of a fuss.

Is your post tongue in cheek?

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

You do realise that to become a medical doctor in the UK takes around 7 years of studying on a university course?

Edited by youngsyr on Wednesday 3rd November 11:58

[Marf]

Frankeh said:

Edit: Fears = fees. Brain slip.

I guess you didn't get a decent degree?

[Frankeh]

Marf said:

Frankeh said:

Edit: Fears = fees. Brain slip.

I guess you didn't get a decent degree?

You should have picked up on my incorrect usage of effect and affect if you were going to go that route.

[Marf]

Frankeh said:

Marf said:

Frankeh said:

Edit: Fears = fees. Brain slip.

I guess you didn't get a decent degree?

You should have picked up on my incorrect usage of effect and affect if you were going to go that route.

Touché

[Stevenj214]

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

[Tsippy]

They'll have to reduce their spendaholic pisshead lifestyle then and get a job to support their studies. Awww diddums isn't real life tough?

Hopefully the increased fees will see and end to David Beckham studies and other assorted bullst degrees and University will become an educational institution once more rather than a 3 year social event for all

[North West Tom]

You will only pay it back if you're earning over 21k (currently 15k), and it's only about a tenner a week.

Seriously though, when (if) I get into uni, and get a 21k job after it, I'd be happy to pay it back, because without uni, there's a high chance said job wouldn't exist for free.

Also, less people will go to uni, meaning the value of a degree, to employers, could be higher.

Doesn't affect me anyway, thankfully.

[Vipers]

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

[youngsyr]

Tsippy said:

They'll have to reduce their spendaholic pisshead lifestyle then and get a job to support their studies. Awww diddums isn't real life tough?

Hopefully the increased fees will see and end to David Beckham studies and other assorted bullst degrees and University will become an educational institution once more rather than a 3 year social event for all

Or perhaps all students will just say "Fck it, I won't bother going".

That will stop the "pisshead lifestyle" they all lead and will be great for the country.

[youngsyr]

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

Good for you, that's hope the majority of future leaders of government, industry and business in the UK has the same attitude to debt, but somehow I doubt they will.

[Frankeh]

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

[Marf]

Frankeh said:

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

Perhaps not a big deal in terms of how much you have to pay back, but it will affect other credit based purchases in your life, such as a mortgage.

[youngsyr]

Frankeh said:

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

So, you wouldn't mind paying an additional 9% tax on your earnings above £21K from the age of 21 well into your thirties? I'm sure it will make no difference to anyone at all.

[Stevenj214]

Frankeh said:

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

Not worried about it at all. I'm on old payment of 9% above £15k.

Repayments for me were £37.50p/pm for most of this year. New job (£5k payrise) pushes that to £75p/m.

[Frankeh]

Marf said:

Frankeh said:

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

Perhaps not a big deal in terms of how much you have to pay back, but it will affect other credit based purchases in your life, such as a mortgage.

Do student loans affect your chance of getting credit considerably?
I've never heard about them being a problem before but I'm willing to be corrected.

[youngsyr]

Stevenj214 said:

Frankeh said:

Vipers said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

And your not worried? be honest.

It's 9% of your wage above 21K. How is that a big deal at all?

Not worried about it at all. I'm on old payment of 9% above £15k.

Repayments for me were £37.50p/pm for most of this year. New job (£5k payrise) pushes that to £75p/m.

Great, so you'll still be paying it off in 25 years time at this rate. I guess your degree wasn't in finance?

[Legend83]

The money aside, I think the major problem any reform of University funding faces is removing the stigma in society of not going to University.

[Stevenj214]

youngsyr said:

Stevenj214 said:

youngsyr said:

You genuinely don't think that leaving university with at least £21K of debt(plus any debt racked up on living expenses) is "going to really affect" a potential engineering student, let alone the average student?

Ex-student with £20k of debt here. What's the issue?

Good for you, that's hope the majority of future leaders of government, industry and business in the UK has the same attitude to debt, but somehow I doubt they will.

I come from a 'disadvantaged background'. There was no support from home for me. I was more than happy to get into debt to that level to get myself a university education.

I am now more than happy to pay it back at the terms agreed now that my university education has helped set me on a career path with good prospects.

[Stevenj214]

Frankeh said:

Do student loans affect your chance of getting credit considerably?
I've never heard about them being a problem before but I'm willing to be corrected.

No issues generally unless a financial institution is looking at 'affordability' which considers all of your outgoings.