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Should students HAVE to pay back university loans? Watch

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    (Original post by _Bright Eyes)
    In 20 years time it'll be written off..
    30 years (SFE 2012+)...
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    (Original post by xKourtney-Mimix)
    ...As it is 21,000 in today's age really is not a lot of money. It might be the most you have been ever paid in the beginning but if you want that mortgage and that car or to get married or pay for future children, it really isn't enough...
    You only pay on earnings above £21k. So if, for example, you are earning £31k it's £31k - £21k = 10k * 9% = £900pa = £2.46 per day. Price of a Starbucks. It really isn't much...
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    (Original post by Princepieman)
    They don't exist, an unemployed engineer? 'Sacre-Bleu!'

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    But there are some respected degrees that don't get you a job. People won't cry over those when you compare them to philosophy or photography even though they all "don't get you a job".

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    (Original post by Captivated)
    But there are some respected degrees that don't get you a job. People won't cry over those when you compare them to philosophy or photography even though they all "don't get you a job".

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    Yup, a lot of TSR fail to recognise this.

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    The current system is the best system imo, basically a graduate tax, the more you get from a course the more you pay back, the more that society has helped you the more you pay back into, seems fine to me.

    While yes it allows dumb degrees that don't pay well, i think some of these degrees are needed, perhaps stuff like "gender" studies is useful just for comedic value rather than actual job value.

    However maybe the government should think about de-funding some of the unneeded non-cultural humanities.
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    (Original post by Dalek1099)
    No I don't think students should have to pay back their loans if they don't earn well as a result because then their University Education hasn't helped them and they would become very poor trying to pay back loans on low wages.

    However, it would make sense to have a system where a University receives money from the Government based on how much money students have paid back having undertaken these courses.This would make the best Universities/courses, those that have large numbers of students earning high wages get the most money from the Government and the opposite for the worst.

    This would provide an incentive for Universities to actually provide good and useful courses that will help their students get employment.At the moment Universities get the money for each student so it really doesn't matter whether their courses are good or not with caps on numbers removed and so many students wanting to go to University even if they have a poor reputation they will still be able to get lots of money from naive students.
    That's like saying if I take out a loan to use for gambling and I lose it all I shouldn't have to pay it back.

    (Original post by Plagioclase)
    ...Or just lower tuition fees so ordinary people will actually be capable of paying back their loans? It is incredibly sad that so many people think the only value of university is to earn more money.
    Ordinary people are capable of paying the back. The idea is when you go to university you get a better paid job as a graduate so your economic background is completely irrelevant.


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    (Original post by Underscore__)
    Ordinary people are capable of paying the back. The idea is when you go to university you get a better paid job as a graduate so your economic background is completely irrelevant.
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    Given that over 45% of people aren't going to be able to pay it back, that doesn't really support what you're saying.
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    (Original post by jneill)
    You only pay on earnings above £21k. So if, for example, you are earning £31k it's £31k - £21k = 10k * 9% = £900pa = £2.46 per day. Price of a Starbucks. It really isn't much...
    That is a hell of a lot of money to spunk away on coffee
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    only if they can. if they literally can't, then what would the government do...?
    and even then, they would have to be monumentally poor for them to "not be able to pay it back"
    like, homeless-grade poor. out on the streets on a piece of cardboard harassing passers-by for "change for a phone call" poor. dog **** on their trousers and piss on their jacket poor. you get it
    basically, they're paying it back eventually
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    (Original post by scrotgrot)
    That is a hell of a lot of money to spunk away on coffee
    Yes, but not a lot of money for a degree.

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    (Original post by sleepysnooze)
    only if they can. if they literally can't, then what would the government do...?
    and even then, they would have to be monumentally poor for them to "not be able to pay it back"
    like, homeless-grade poor. out on the streets on a piece of cardboard harassing passers-by for "change for a phone call" poor. dog **** on their trousers and piss on their jacket poor. you get it
    basically, they're paying it back eventually
    No

    They just have to be <£21k a year, poor. And even above that it's only those earning (iirc) more than about £40k who will earn enough to pay it all off. The rest gets written off.

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    (Original post by jneill)
    No

    They just have to be <£21k a year, poor. And even above that it's only those earning (iirc) more than about £40k who will earn enough to pay it all off. The rest gets written off.

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    well the government is such a donkey then because that seems way too allowing...this is why our deficit is going sky high. there are better ways of letting people go to university without either party losing their money.
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    (Original post by BlackSweetness)
    Here we go again, why else would you go to university fgs! You sound like an arts or humanities student! Your at university to invest in yourself and get a good job, not to play about!
    Not everyone seeks meaning and plans their life around aspiring to be a worker drone. It certainly wasn't the sole reason why I did physics.
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    (Original post by sleepysnooze)
    well the government is such a donkey then because that seems way too allowing...this is why our deficit is going sky high. there are better ways of letting people go to university without either party losing their money.
    Such as...

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    (Original post by jneill)
    Such as...

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    only giving priority to students who're studying things which are usually guaranteed a job at the end, as opposed to a degree like mine (politics) - even though I'm probably going to come out with a 2:1 I literally find it a possibility that I'll be working at burger king again afterwards.
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    (Original post by scrotgrot)
    That is a hell of a lot of money to spunk away on coffee
    Really? £2.46 is actually a very cheap cup of coffee.

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    (Original post by Dalek1099)
    No I don't think students should have to pay back their loans if they don't earn well as a result because then their University Education hasn't helped them and they would become very poor trying to pay back loans on low wages.

    However, it would make sense to have a system where a University receives money from the Government based on how much money students have paid back having undertaken these courses.This would make the best Universities/courses, those that have large numbers of students earning high wages get the most money from the Government and the opposite for the worst.

    This would provide an incentive for Universities to actually provide good and useful courses that will help their students get employment.At the moment Universities get the money for each student so it really doesn't matter whether their courses are good or not with caps on numbers removed and so many students wanting to go to University even if they have a poor reputation they will still be able to get lots of money from naive students.
    how come you have red bars?
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    (Original post by sleepysnooze)
    only giving priority to students who're studying things which are usually guaranteed a job at the end, as opposed to a degree like mine (politics) - even though I'm probably going to come out with a 2:1 I literally find it a possibility that I'll be working at burger king again afterwards.
    1) The government is extremely generous in their conditions on graduate loans so much so I could have paid mine back ten times earlier than I did, people should be paying back a lot more and the thresholds should be lower. Even someone on 16k a year could pay back a large amount assuming they aren't living in London. Then you have to take into account lots of graduates still live with their parents... that amount of saving alone is immense. If a large amount of loans aren't being paid back something has to be done because it isn't maintainable.

    2) You're going to get a lot of flak but that's pretty much the way it should be or at least partially fund other degrees up until a particular cutoff but then there would be a lot of expensive bureaucracy around it.
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    (Original post by Sephiroth)
    Students don't pay back university loans. Employed graduates with a decent salary pay back loans.

    Don't expect your loan to be written off if you never earn more than £21k because you will earn more than that. £21k will be minimum wage in 20 years time.
    Not even that long, if we suppose minimum wage grows at an average 4% PA as it used to after the £9 'living wage' is brought in, it will be minimum wage for 7.5 paid hours a day 5 days a week in a decade.

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    (Original post by ChaoticButterfly)
    Not everyone seeks meaning and plans their life around aspiring to be a worker drone. It certainly wasn't the sole reason why I did physics.
    It may have not been, but its pretty naïve to say it wasnt a contributing factor
 
 
 
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