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# Who will the fees affect? Watch

1. So will the class of Year 12 right now have to pay the increased fee? On the bbc it says from 2013 onwards..
2. (Original post by EdmundB)
What about the fact that under the government plans you will actually be paying much less as a graduate (and at a much higher starting salary of £21,000 rather than £15,000 under the current system) and the obviously these are LOANS which you don't have to pay up front and which will be cancelled after 30 years. People seem happy to ignore the details published by several independent groups which show that graduate repayments for the poorest 30% will actually fall.
You fail to realise that interest on a larger debt is more than interest on a smaller debt.

5% of 25000 debt = £1,250

5% of 45000 debt = £2,250

Therefore, someone with the larger debt has to subsidise roughly an extra £1000 debt per year than someone with a smaller debt on the same interest rate.

This means those with higher debts are going to have their debt flying through the roof and will face an ongoing battle for the rest of their working lives to pay the debt back.

I know the percentages are not 5% but thats just to show the difference.

Over 10 years - small debt = £12,500
Over 10 years - large debt = £22,500

So over 10 years, someone who went to university in 2012 will pay a lot more interest than someone who went in 2011.

These are just examples of figures to show how interest affects different amounts differently.

Basically, the higher your debt in the first place, the faster interest builds and the faster your debt increases. That's the whole issue and it will leave thousands paying a % back for the rest of their lives.

Also realise that the average salary for a graduate is around £24,000 - over both thresholds. So the raised threshold really does not make that much of a difference as people will be paying back regardless.

What is an issue is those who graduate in 2012 will pay back less than what the increase in interest on their debt will be. Graduates could still have their debt increasing even though they are paying back.
3. (Original post by lifesabeach)
So will the class of Year 12 right now have to pay the increased fee? On the bbc it says from 2013 onwards..
Its coming into force in 2012.

You will only pay current fees if you are Welsh, Scottish or applying in 2011.
4. (Original post by jb9191)
Its coming into force in 2012.

You will only pay current fees if you are Welsh, Scottish or applying in 2011.
Well thats a *****. What if you are for 2011 entry, will you pay the new fees from your second year onwards?
5. (Original post by lifesabeach)
Well thats a *****. What if you are for 2011 entry, will you pay the new fees from your second year onwards?
No

Those that enter in 2011 will pay the same fee's all the way through.
6. (Original post by chembob)
It will affect all students who will start their courses from 2011/12 onwards, i.e. all the people who apply next year.
Yet more uninformed garbage.
It will not affect students starting in 2011. It comes in for those starting in 2012.
7. (Original post by lifesabeach)
So will the class of Year 12 right now have to pay the increased fee? On the bbc it says from 2013 onwards..
Yeah thats what I saw, thats why I got confused. It must be a mistake on the site perhaps.
8. (Original post by jb9191)
No

Those that enter in 2011 will pay the same fee's all the way through.
Thats a joke, it should affect every year when introduced, first or last - no different.

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