Hey there! Sign in to join this conversationNew here? Join for free

Should companies be forced to meet student loan obligations? Watch

    • Thread Starter
    Offline

    14
    ReputationRep:
    In this country medium and large companies are getting an extremely good deal and since the supply of graduates is limited, it seems only fair that they should meet the cost of using up a valuable resource.

    Likewise students have a tough time taking on huge amounts of debt only to compete for limited jobs in a market which is increasingly global, yet simply moving to across the world is difficult and expensive for students.

    In the light of these two factors it seems only fair that companies should be increasingly expected to make contributions to student loan repayments rather than the students themselves only since the company is benefiting from a well educated workforce which cost many thousands of pounds to train.

    I propose that in hiring students, companies should pay off half of the student loan upon hiring as a bursary which the student holds as a liability which is written down over 5 years which the student only pays back if they leave, or if they move to another company, that company takes on the outstanding amount.
    • TSR Support Team
    • Very Important Poster
    Offline

    21
    ReputationRep:
    (Original post by Ganjaweed Rebel)
    In this country medium and large companies are getting an extremely good deal and since the supply of graduates is limited, it seems only fair that they should meet the cost of using up a valuable resource.

    Likewise students have a tough time taking on huge amounts of debt only to compete for limited jobs in a market which is increasingly global, yet simply moving to across the world is difficult and expensive for students.

    In the light of these two factors it seems only fair that companies should be increasingly expected to make contributions to student loan repayments rather than the students themselves only since the company is benefiting from a well educated workforce which cost many thousands of pounds to train.

    I propose that in hiring students, companies should pay off half of the student loan upon hiring as a bursary which the student holds as a liability which is written down over 5 years which the student only pays back if they leave, or if they move to another company, that company takes on the outstanding amount.
    Does that mean the wages would be lower for the student? Either way, I don't agree. You went to uni; you should pay off your loan.
    Offline

    20
    ReputationRep:
    They do pay to make use of graduates, it’s called a salary which is then used to pay off student debt. All your plan would do is remove jobs from the job market. Half of someone’s student loan could easily be over £30k meaning they’d be costing an extra £6K a year. It would also see poorer students disadvantaged as their debt would be larger and they’d therefore be more expensive to their employer (before you say employers wouldn’t know how much the candidate had borrowed, you can’t ask a company to take on a debt without telling them how much it is)
    Posted on the TSR App. Download from Apple or Google Play
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Will you be richer or poorer than your parents?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.