Who thinks tuition fees ar BS?

Well your job title wasn't fee earner. It's a vague word used in the legal industry for someone who generates income. I'll rephrase my point; you cannot be a solicitor without a degree and it'd be very difficult to get a job as a paralegal without a law degree


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Because the government won't dish out free money to you...?

Get ****ed.

If you study a half decent subject the debt will be paid off in no time.

No sweetheart I just don't want to leave uni with a ton of debt. I'm sure students who come from a ghetto area of London like me would agree.

Problem?

There are thousands of people who end up saddled with heaps of debt. Its disgusting. University degrees mean less and less as so many people have them these days. I really feel sorry for people who take out huge loans to go to uni and then go and work in low paid jobs that they are overqualified for. Unis are just big money making machines now. Its vile!

i think it is sensible... it might be an idea to extend them to VI forms.
After all , A levels confer enhanced earning power on the student so it is only fair for them to pay for that advantage.

If everyone thought like that no one would be in uni. Everyone knows its overpriced but at the end of the day if someone wants to become a doctor, what other route do they have of taking?

No sweetheart I just don't want to leave uni with a ton of debt. I'm sure students who come from a ghetto area of London like me would agree.

Problem?

It's overpriced is it?

I'm doing a 4 year degree in Electronic Engineering. I get a loan of £9k per year for tuition fees and approximately £3800 per year in maintenance loans.

Over the course of my degree I will take on £51,200 worth of debt.

Working on the average salary progression for graduates in my field, over the 30 years after graduation I will pay a total of just under £50,000 towards my student debt before the remainder and any interest that is built up over the years is written off.

Now, I graduate at 25 and assuming I work to retirement age of 65 that gives me a 40 year career.

To make University financially worth it I need to, over the course of my career, earn at least £50,000 more than I would without a degree, because if my career earnings are at least £50,000 more than they would be if I didn't have the degree then even once you have taken into account my student loan payments I am still financially better off.

Will my degree in Electronic Engineering allow me to earn £1250 more per year than I would be able to without my degree? Of course it will.

Therefore my degree is worth every penny.

The debt is irrelevant!

Yes you will owe money but it's paid back at such a low rate that it's barely noticeable, it's written off after 30 years, and your payments constantly scale with your income so if you have a bad month or year your payments will drop accordingly.

Do you know what other loans you'll have in your life that are written off after 30 years and whose monthly payments scale with your income? Nothing. You will never have another loan that is as easy to manage as your student loan.

Most of he comments on this thread makes me think of turkeys voting for Christmas.

Other loans easier to manage in your life isn't really the point. The fact is your government isn't investing in its youth like other European nations are. And while its maybe ok looking into the future from where you are now, add in mortgage payments, upkeep of a home, possibly children and the image is perhaps not the financially rosy picture you think it is.

You're entirely correct, the financial future for anybody of our generation is pretty horrific, we live in a country where the cost of buying a house is spiralling out of control again, the government is doing bugger all to keep the cost of renting down, so our generation are stuck in a spiral where we can't afford to buy, so we rent, but the rent is so high we can't save any money to enable us to eventually buy!

However, that doesn't change my opinion that complaining about Student Finance payments is pathetic.

Over the next 30 years I will pay approximately £50,000 for my degree. Over the next 10 years I will earn at least £50,000 more than I would have without my degree. For me the loan I have taken out for my degree is very much worth the money.

Even for people who don't go into a high paying career after University, the payments are so low that it doesn't matter.

Let's say that you do a degree that doesn't really count for anything and you end up going into a minimum wage job earning £15k p/a, you pay back £0 per month.

Let's bump it up a bit and say you're earning £20k p/a, you'll be paying back a whole £20 per month. Your student loan payments will be less than the cost of one night out, or half a dozen coffees.

Move it up again to £30k p/a and the payments are now up to £94 per month, but if you can't budget £94 from a £2500 monthly income then quite frankly that's entirely your own fault!

They payments on student loans are so low relative to income that there is absolutely no reason why anybody should struggle to pay them.