British education is a debt-financed ponzi scheme, beware.
Discuss issues that have a social and cultural impact, including but not limited to issues such as racism, teenage pregnancies, the social impact of religion, and the state of the education system.
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Re: British education is a debt-financed ponzi scheme, beware.Thats okay, you don't need to work in the UK if you have a job abroad, you only need to really visit friends and relatives.(Original post by Norton1)
Your student loan is linked with your NI number, so you'd never be able to work. No idea if they'd have a report out on your passport. Would I put it beyond them? Probably not.
Also do you speculate that if you were found to have done this to avoid repaying your debt, that you would face criminal action, or would they not care? -
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Re: British education is a debt-financed ponzi scheme, beware.They would be highly unimpressed with you. What more can I say? I don't work for them.(Original post by Design_Me_A_Tom)
Thats okay, you don't need to work in the UK if you have a job abroad, you only need to really visit friends and relatives.
Also do you speculate that if you were found to have done this to avoid repaying your debt, that you would face criminal action, or would they not care? -
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Re: British education is a debt-financed ponzi scheme, beware.Okay, well I still may do it, only problem is, the work abroad would have to be permanent, as you cant crawl back to the UK after acumulating all that unpaid debt.(Original post by Norton1)
They would be highly unimpressed with you. What more can I say? I don't work for them. -
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Re: British education is a debt-financed ponzi scheme, beware.I think I read that the average length of time for emigration is about ten years before people come back home. Bear in mind also that you'd probably have to go further than France. This little article talks about getting tracked down in America or New Zealand (http://www.pareto.co.uk/graduate_job..._loan_028.aspx)(Original post by Design_Me_A_Tom)
Okay, well I still may do it, only problem is, the work abroad would have to be permanent, as you cant crawl back to the UK after acumulating all that unpaid debt. -
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Re: British education is a debt-financed ponzi scheme, beware.Why not ? once you're back then you'll have to repay the debt(Original post by Design_Me_A_Tom)
Okay, well I still may do it, only problem is, the work abroad would have to be permanent, as you cant crawl back to the UK after acumulating all that unpaid debt. -
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Re: British education is a debt-financed ponzi scheme, beware.After reading that, maybe its not worth the risk. Maybe you would be best relocating in Latin America, thats meant to be a good place for criminals to reside as your harder to track down(Original post by Norton1)
I think I read that the average length of time for emigration is about ten years before people come back home. Bear in mind also that you'd probably have to go further than France. This little article talks about getting tracked down in America or New Zealand (http://www.pareto.co.uk/graduate_job..._loan_028.aspx)
Last edited by Design_Me_A_Tom; 11-07-2012 at 00:27. -
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Re: British education is a debt-financed ponzi scheme, beware.I agree that 9k is excessive for an education.
I wonder, though, if it is because of the government needing to money to create jobs for the graduants. They probably think that there are too many people graduating from university and not enough job for them. Thus they increased tuition to discourage a lot of people from going to university and so they have money to employ them. More government meddling... -
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Re: British education is a debt-financed ponzi scheme, beware.It is to discourage people from going to university, but considering the government's cut public sector jobs, I very much doubt they're intending to chuck a load of cash at youngsters in that fashion, or at all.(Original post by KasanDude)
I agree that 9k is excessive for an education.
I wonder, though, if it is because of the government needing to money to create jobs for the graduants. They probably think that there are too many people graduating from university and not enough job for them. Thus they increased tuition to discourage a lot of people from going to university and so they have money to employ them. More government meddling... -
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Re: British education is a debt-financed ponzi scheme, beware.So they're trying to dumb down the population while making money out of them. What a fantastic government...(Original post by Hopple)
It is to discourage people from going to university, but considering the government's cut public sector jobs, I very much doubt they're intending to chuck a load of cash at youngsters in that fashion, or at all. -
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Re: British education is a debt-financed ponzi scheme, beware.I don't think their intent is to dumb down the population, though it'll be a side effect. Rather, they don't think everyone who has a degree has a degree worth having - mickey mouse subjects and all that - so want to push students towards degrees they think will be worth the 27k+maintenance investment.(Original post by KasanDude)
So they're trying to dumb down the population while making money out of them. What a fantastic government... -
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Re: British education is a debt-financed ponzi scheme, beware.Well, its true that some degrees aren't as usable as others, but blatantly taxing knowledge isn't the answer. I'd rather see an incentive scheme, where use of degrees is rewarded.(Original post by Hopple)
I don't think their intent is to dumb down the population, though it'll be a side effect. Rather, they don't think everyone who has a degree has a degree worth having - mickey mouse subjects and all that - so want to push students towards degrees they think will be worth the 27k+maintenance investment. -
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Re: British education is a debt-financed ponzi scheme, beware.The degree getting you a higher paid/more interesting job is reward enough, surely? It's because that (potential) reward's there that the government can dump a load of debt onto the students.(Original post by KasanDude)
Well, its true that some degrees aren't as usable as others, but blatantly taxing knowledge isn't the answer. I'd rather see an incentive scheme, where use of degrees is rewarded. -
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Re: British education is a debt-financed ponzi scheme, beware.Well, yes, but if the government wished for people to get more relevant degrees, they should encourage said degrees instead of tripling the cost of all of them.(Original post by Hopple)
The degree getting you a higher paid/more interesting job is reward enough, surely? It's because that (potential) reward's there that the government can dump a load of debt onto the students. -
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Re: British education is a debt-financed ponzi scheme, beware.How can it encourage such degrees without being accused of crushing the arts, putting profit before imagination, social engineering etc? Favour one type over another and there'll be uproar.(Original post by KasanDude)
Well, yes, but if the government wished for people to get more relevant degrees, they should encourage said degrees instead of tripling the cost of all of them. -
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Re: British education is a debt-financed ponzi scheme, beware.no they haven't, not when you need a degree to get a decent job.(Original post by chefdave)
Universities have priced themselves out of the market.
really, it depends on the course. if you are doing a science degree for example, the degree is certainly worth the money in that it is the only way to get into your field, the only way to access decent facilities and by far the best way to learn (although admittedly it would be possible to learn through books and the internet).
if you are doing something less academic, I really would question if it is value for money. -
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Re: British education is a debt-financed ponzi scheme, beware.The way I said before. Student loans that you only have to pay if you do nothing with it. Any degree can be usefull if applied properly. This will not outright favour any specific degree, but people will think more about future employment when selecting degrees.(Original post by Hopple)
How can it encourage such degrees without being accused of crushing the arts, putting profit before imagination, social engineering etc? Favour one type over another and there'll be uproar. -
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Re: British education is a debt-financed ponzi scheme, beware.but then that will generally target the people least able to afford it. somebody who is successful because of their degree will more often than not be able to pay it back easier than somebody who never found use for it(Original post by KasanDude)
The way I said before. Student loans that you only have to pay if you do nothing with it. Any degree can be usefull if applied properly. This will not outright favour any specific degree, but people will think more about future employment when selecting degrees. -
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Re: British education is a debt-financed ponzi scheme, beware.It seems reasonable, but assuming using your degree is financially better, you'd be charging poorer graduates and letting the richer graduates off.(Original post by KasanDude)
The way I said before. Student loans that you only have to pay if you do nothing with it. Any degree can be usefull if applied properly. This will not outright favour any specific degree, but people will think more about future employment when selecting degrees. -
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Re: British education is a debt-financed ponzi scheme, beware.(Original post by chefdave)
Don't get me wrong, I'm all for useful education. But I'm concerned that our once world renowned education system has been reduced to a conveyor belt of debt-financed essay/exam work for the financial benefit of greedy uni lectures and landlords; who rely on student indebtedness for their 6 figure wage packets and burgeoing property empires. While they reap the financial rewards students are then thrown into a dysfunctional contracting economy that depends on fake money, offshoring, and the importation of cheap migrant labour.
How on earth can we justify charging students £9k p/a in tuition fees when there's a wealth of information available FOR FREE at your fingertips on the wide wide web? It doesn't add up. Universities have priced themselves out of the market.
HOW ON EARTH CAN WE CHARGE £9K?
i agree we should charge full cost like us universities
