So with student loan tution fee increases, it seems that most people will be stuck in tution fee debt. A lot of folk, have said to think of it like a graduate tax , which is kind of more comforting that a debt and it's good to pay back into the system!
However student loans have in the past had retroactivly applied rule changes, and student loans are now being sold off as a kind of bond (so the government gets the money quick) .
Doesn't this now change the student loan repayments essence from a graduate tax to bank rolling private capital?
I personally also think it's possibly a way to bring the UK, gradually into a more American loan system...Also there is no option, to personally veto unethical companies getting involved (many people do look into ethical investment for personal banking).
All the advice online (Moneyexpert etc) seems to say don't pay it off....
But, if you could should you?
What do you recon?
This is more of a general moral ethical post, why I don't think it should go in SFE section!
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I personally don't like the idea of thinking of it as a 'graduate tax'; I don't think that's what it is, and I also don't think you should be taxed for being a graduate in the first place. In my view I'd rather actually look at it as paying back my degree, as I don't particularly object to the notion.
I do see what you're saying to a degree though, that changes to how it's implemented throw a bit of a spanner in the works in regards to the graduate tax theory. I'm not sure what the solution is there, though in principle it could continue to be viewed in the same way still.