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University Fees at £9000 and the economy watch

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    As a 2012 University student I will be paying the £9000 fees. I was just wondering if someone could explain why the government are doing this and how this relates to the economy. I understand that competition will be increased but I dont fully know why. Thanks for the help in advance
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    Because current degrees are subsidised by the government. So currently students pay £3000 for their degree and the government puts in the rest.

    Under the new system the government will be removing their subsidies to save money. Therefore universities have no choice but to charge £9000 to make up the shortfall.
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    It's going to cost the SLC a ton of money in the short term.

    But yeah the government is cutting most HE funding.

    I'd have like to see funding cut but no fee increases. Too much is made of the competitiveness.
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    It has nothing to do with the economic situation because the fee rise has no short term benefit.

    Competition is not being increased because the vast majority of unis will be charging the same amount.

    edit: The only reason the fees are being introduced is because they're a way of further taxing the middle class, without increasing taxes on rich business owners.
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    (Original post by S.Pink)
    As a 2012 University student I will be paying the £9000 fees. I was just wondering if someone could explain why the government are doing this and how this relates to the economy.
    Have you been living under a rock for the last 2-3 years?
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    (Original post by electriic_ink)
    It has nothing to do with the economic situation because the fee rise has no short term benefit.

    Competition is not being increased because the vast majority of unis will be charging the same amount.

    edit: The only reason the fees are being introduced is because they're a way of further taxing the middle class, without increasing taxes on rich business owners.
    Yes it is to do with the Economy.. the Economy is not there for the short term, it's there forever so they're obviously looking at long term solutions as well as short term ones and this comes under long term but it's still part of the economic structure
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    Just move to NI, you still pay £3000 here.
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    Okay thanks it was just a curious question which has now been answered
    The competition in the market would have only increased if there had been differences in the amount charged. So now the government have a load more money to spend elsewhere or try and reduce the deficit... So thats the long term term aim.

    And thanks Hazlo, I could also move to Wales! The English just want to be different and annoying!
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    (Original post by S.Pink)
    Okay thanks it was just a curious question which has now been answered
    The competition in the market would have only increased if there had been differences in the amount charged. So now the government have a load more money to spend elsewhere or try and reduce the deficit... So thats the long term term aim.

    And thanks Hazlo, I could also move to Wales! The English just want to be different and annoying!
    Not at all, the English just do not wish to be Greek.
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    In before someone posts a picture of Nick Clegg holding up a signed pledge not to increase tuition fees.
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    To be fair, rich business owners are already taxed more than fairly over here. Unlike the United States, our politicians by and large remain unbribed, and the tax rates reflect this. I don't see why it's specifically a tax on the middle class, by the way, because families aren't negatively affected by the rise. Tuition fees are paid off in full by SLC, and the income threshold has overall been raised for support, so the burden is less on families and heavier on graduates.

    It might suck for prospective students, massively at that, but "class warfare"?
 
 
 
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