Abolish Uni Fees - Petition

Tuition Fees Dont Help the Economy

Perhaps the most shocking aspect of the high fees regime is that it potentially burdens graduates with a lifetime of debt, while saving taxpayers little or nothing. A growing body of evidence has shown that the loan system is unsustainable. Already by 2014 it was apparent that the level of fee repayment won’t meet government estimates of long-term income, and already there is a shortfall in Business Department estimates.In 2010 the level of default, failure to repay,was estimated at 28%.The Institute for Fiscal Studies now predicts that73% will not repay in full, compared to 23% under the previous fee regime.About £90bn of the overall £200bn in student loans will remain unpaid by 2042, according to the latest projections. Accordingly, the policy consultancy London Economics finds that ‘the economic cost of the 2012-13 higher education reforms will exceed the 2010-11 system that it replaced.’A report by the Higher Education Commission in 2014 is damning: ‘The current system fails to meet our test of financial sustainability and further work needs to be undertaken to arrive at a better higher education funding model.’ It is unsatisfactory for students, universities and the state: ‘the worst of both worlds’.

@Princepieman Try reading before you make a dumb comment.

It's not wasted money, it gets put into government cash flow to be used for other things.

age of ~50.

It's not a repayment plan though, it is quite literally a yearly tax to recuperate what tax payers spent on you.

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If you read my post, I acknowledged that and pointed out which group was most susceptible to that situation.

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''It's completely nonsensical to claim that the poor can't afford university''

You're completely clueless

So now you agree that we're essentially being subsidised by tax payers?

So would you rather not contribute at all back into this subsidy or do you just want to leech off of others?

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Middle Income Graduates Pay More Than the Rich


UniversityTuition Fees are a regressive government levy, forcing the less well-off to pay a disproportionate part of their income. Contrary to the propaganda of the current government, the high fees regime is unfair and it is certainly not risk free. It is not a requisite to take out a loan to pay for the tuition fee.Although they don’t publicise it, most universities offer a discount of 2%to 5% for fees paid upfront, £1300 or more.Similarly with the maintenance loans.If family financespermit, students can be cushioned against debt and get their degree at a cut-price rate.For parentswho can afford to send their children to private schools, the high fees regime will appear very affordable. If they don’t wish to pay upfront, they can bank the loan, earn interest on it, andwait to pay it off when their child starts earning abovethe repayment level. The government dropped plans to levy a charge for early repayment. But all but the wealthiest will haveto borrow, and the ones who will be hit hardest financially will be those from middle-earning families, who themselves gain middle-earning jobs after graduation.Interest on the loan isset at above an above inflation rate, in order to pay for the running of the scheme, and this leads to some startling calculations.According to onecalculation,those with a starting salary of £30,000 will repay a whopping £98,000 on a loan of £34,500 while those on who start at £50,000, will pay £64,000; a £34,000 differential dramatically favouring the rich over the middle earner. According to another, the real cost of a three-year degree course, repaid over 30 years including interest, could be as much as £166,150 for a graduate with a starting salary of £26,000. Even those in respected middle-earning rolessuch as teachers,managers,and health professionals may notbe able to pay back their loans with the 30-year repayment period..The level of net repayment as a percentage of income will be significant and affect the affordability criteria for buying a house. The Higher Education Commission foresees thata teacher at 35 would have difficulty securing a mortgage, as a result of the repayment commitments.The so-called ‘graduate premium’ that has been used to justify the high fees regime has been exposed by recent research to be a myth.

I'm shocked at the hate you're getting on this! I've signed it. Education and knowledge should be free for everyone. As a country we're investing in fracking, which I can only see as a short term solution (if you can call it solution) to a long term problem. Yes there is a shortage of money, but education should not be what suffers for it. Look at the amount of money being wasted from tax avoiders! If you have a higher tax rate for the higher wage brackets then this problem can be solved. Good luck!

, the policy consultancy London Economics finds that ‘the economic cost of the 2012-13 higher education reforms will exceed the 2010-11 system that it replaced.’.

So, if we scrap fees, where will the money crome from? And why should a low earner pay for your education? They've already paid for your 13 free years of education. If you want to study, then you should pay for it. It's not as if you have to pay it all upfront.

You just regurgitating lies that the government has spread. We do have the money. How come we had the money before but suddenly don't know? How come Scotland still has the money? Of course we have the money, if corporations payed their taxes not only would we have enough money to give tuition free education but we could easily affor to pay each student £6000.

I’ve made a petition – will you sign it?

My Petition: Abolish University Tuition Fees

Click this link to sign the petition:
https://petition.parliament.uk/petitions/165749/sponsors/Kn77OD65HgTz0Vxlmcf8

Dear TSR,

In 2012 the Coalition Government raised tuition fees to £9000 a year, which means students now face crippling debt. This shackling debt often lasts decades. Free education is a right not a privilege. We have to act now to take back what's rightfully ours!

Young students eager to better themselves as people are facing crippling debt after they leave university unless they are born of a very wealthy family. This ensures that the wealth stays with the families who have always had it. Worse still is the number of young people denied the chance of university due to their disadvantaged background. Free education is vital if we are to have a country that utilises the most talented rather than the most fortunate. Free education is necessary for equality.

This petition has to do well! If you agree with it please sign it and send it to all your contacts.

Thankyou,

The Awakener

completely agree. to top it off, if your a graduate, it'll set you back way more money to do another degree/ grad degree than it cost initially and youll have to pay from your own pocket as you cant get a loan. It's pathetic how it is geared towards those from wealthy packgrounds and those of us from working/middle class households are screwed