Tuition Fees

November 26, 2010

Peedeel is pissed off  confused by whining students and news reports.

What is all the fuss about? Nu-Labour had a problem financing the universities following on from Tony’s “Education, education, education” promises, so they introduced Tuition Fees for students.

Basically they said ‘You want a degree, you pay for it’ (at least in part).

Okay so far?

Now we have the Coagulation removing the “cap” from what may be charged for said fees.

To be honest, the debt a student takes on in the form of a student loan isn’t like a mortgage or normal bank loan (or paying you bar bill by credit card). No. It’s a debt that you will only ever have to pay back if and when you’re in work and earning £21,000 pa. You’ll never see a final demand for it. Never be threatened with court action over its repayment. The money is subtracted from your pay when you earn the requisite amount…not only that, but thirty years following graduation, the debt is cancelled even if unpaid or only part paid.

Even at the new levels of fees it’s the cheapest loan I know of – and it’s to pay for an education. An improved education. Hopefully for improved employment prospects also.

You don’t have to pay up front. So your parents may have been unemployed all their lives, big deal, provided you meet the entry requirements you can go to university…sure you’ll leave with a debt (the same as everyone else) but repayment will depend on your earning £21K, and if you don’t earn that, you don’t pay.

So my friend’s son has a student debt of £15K and he doesn’t give a flying fuck  let it worry him. It’ll either get paid or it won’t. He won’t have to pay a percentage of his earning over £15K anymore. And he thinks that’s great. He’s quids in. And what’s he doing with his new degree? He’s working in a well known fast food establishment as a waiter…

Now while I sympathise with kids having to pay for something as important as a university degree – after all who wants to pay for anything if you can get it for free. Why should I have to pay for it? I mean if said student leaves university and needs a car to get work, should I pay for that too?

No, I shouldn’t have to pay. If you want the education, YOU PAY.

That’s fair.

So what’s the alternative to this upping the fees and granting student loans with top-end repayment limits? Well, greatly restrict available university places (perhaps by as much as two thirds)…which will mean most kids WON’T get a chance to go to university at all, EVER.

And if you don’t restrict university places? Well, cut the NHS budget. Reduce cancer care or Geriatric care. Or cut pensions…drop all foreign aid programmes. Increase income tax by five percent for everyone…all of which, logically, are unacceptable.

So kids if you don’t want the debt, don’t go to university. If you think a degree’s a good idea, then PAY for it. After all it’s YOUR degree, isn’t it? You wouldn’t expect me to pay for YOUR house, would you?

Ummm. Perhaps you would you selfish fucker  devil.

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