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    • Specialist Advisor
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    Keen to answer your questions about our higher education policies - and I apologise in advance for any typing errors.
    • TSR Community Team
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    Hello and welcome to TSR. Thanks for taking time out to come on the site. Looking forward to the responses.
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    Hi ya Two Brains(Sorry, I had to),

    Welcome to The Student Room!
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    Hello there. Thanks for taking the time to come and answer our questions.
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    You live down my road Willetts :awesome:
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    How much did you pay for University?
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    Dave :hat2:
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    I'll be watching you.

    Always.
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    (Original post by AliceS)
    I'm under the impression that people starting their degree in 2011 will not be affected by the rise in tution fees at all and will just need to pay/take out a loan of £3,290 a year, is this correct?
    That's answered elsewhere in the forum, and it is indeed correct. No need to ask the Higher Education minister that.
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    (Original post by AliceS)
    I'm under the impression that people starting their degree in 2011 will not be affected by the rise in tution fees at all and will just need to pay/take out a loan of £3,290 a year, is this correct?
    Yes.

    Just to save the Rt. Hon. Gentleman some time...
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    Yo David' what's poppin'?
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    What does it say about the government's priorities for long term growth, when the universities budget is being cut by 80%? How do the government justify the change in tuition fees as progressive, when people on incomes below the median income but above £21,000 will be paying 9% of their income above that level back for 30 years, whilst somebody who becomes an investment banker will be able to be debt free within one or two years?
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    (Original post by Acerbic)
    How do the government justify the change in tuition fees as progressive, when people on incomes below the median income but above £21,000 will be paying 9% of their income above that level back for 30 years, whilst somebody who becomes an investment banker will be able to be debt free within one or two years?
    The median income is £25,428. If someone earns that, for 30 years, they will pay £11,955.60 over those 30 years.

    Someone who pays off their whole debt in 2 years would be paying back approximately £30K (and they would have to earn £188K p/a to pay off the debt in 2 years).

    It is progressive, the more you have earned, you have paid more towards the cost of your education.

    Further to that, someone who earns the median income under the current system will be paying £18.04/week while under new proposals will be paying £7.66/week.
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    Is the government not concerned that a fees market will widen the dichotomy between the rich and poor? Recent studies showed that if fees were to rise to £7,000 14% of the poorest students would not be willing to pursue higher education.
    • TSR Community Team
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    Hey guys, for everyone wishing to ask questions can you please do so in the forum by creating a new thread rather than posting it up in here.

    You can do this by clicking here: http://www.thestudentroom.co.uk/newt...ewthread&f=606

    You'll stand a better change of it getting answered that way!
    • Specialist Advisor
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    Thank you very much for your questions. I am signing off now. But perhaps I can return in the future as we develop the detail of our plans. And meanwhile you can go to the BIS website for more information
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      (Original post by David Willetts)
      Thank you very much for your questions. I am signing off now. But perhaps I can return in the future as we develop the detail of our plans. And meanwhile you can go to the BIS website for more information
      Good riddance. :goaway:
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      (Original post by Ideot)
      Words words words.
      omg what a well developed sense of humour you have!!!!!!!!!!!!
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      s'happenin fam
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      (Original post by Bagration)
      omg what a well developed sense of humour you have!!!!!!!!!!!!
      It's rural.
     
     
     
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