TheCountOfNowhere Posted April 28, 2016 Share Posted April 28, 2016 http://news.sky.com/story/1686421/graduates-in-england-facing-debts-of-44000 Graduates In England Facing Debts Of £44,000 (one of) Britain's shame. Imposed on the young by people who got their tertiary education for free. It must be only after they have run up the debt they become educated enough to realise what a f**king con it is. Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 28, 2016 Share Posted April 28, 2016 Because their lecturers and vice chancellors are worth it. Quote Link to comment Share on other sites More sharing options...
CunningPlan Posted April 28, 2016 Share Posted April 28, 2016 Coincidentally I was discussing this with a colleague yesterday. Her daughter was thinking of doing a three year degree (in dance!) Looked at tuition costs (£9k) and then maintenance loan (£8,200) and she would leave with a debt of £51,600 after three years. Add on that if she doesn't go to Uni she could earn about £15k per annum, the qualification (assuming she passes) will have cost her over £96,000. I don't think she is going. Quote Link to comment Share on other sites More sharing options...
ccc Posted April 28, 2016 Share Posted April 28, 2016 I heard this morning Its almost double the US average. Imagine even considering that even 10-20 years ago. Everyone used to think US Colleges were crazy mental with the amounts people left owing. Now we haven't just caught up - we have absolutely smashed them. Brilliant work. Quote Link to comment Share on other sites More sharing options...
MrPin Posted April 28, 2016 Share Posted April 28, 2016 Most of the richest politicians got this paid for by well, us! Quote Link to comment Share on other sites More sharing options...
newbonic Posted April 28, 2016 Share Posted April 28, 2016 I heard this morning Its almost double the US average. Imagine even considering that even 10-20 years ago. Everyone used to think US Colleges were crazy mental with the amounts people left owing. Now we haven't just caught up - we have absolutely smashed them. Brilliant work. My teen daughter has decided she'd like to get a degree and go to uni. I suggested to her that if she's going to run up tens of thousands of £ in student debt for her education, then she may as well make a real adventure of it and go to a college in somewhere like the USA. It sounds like it could also be the rational choice for financial reasons too. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 28, 2016 Share Posted April 28, 2016 I handed my accountancy practice (what was left of it) to a 30 year old girl that had become an ACA at 26, she left school at 16. May I suggest there are alternatives to university, and tbh it's a rite of passage not anything that can honestly be applied to real work. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 28, 2016 Share Posted April 28, 2016 (edited) Why the USA? Why not try one of the excellent European universities? At least that way you get to experience a different culture/way of life and learn a new language. Edited April 28, 2016 by Errol Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 28, 2016 Share Posted April 28, 2016 I handed my accountancy practice (what was left of it) to a 30 year old girl that had become an ACA at 26, she left school at 16. May I suggest there are alternatives to university, and tbh it's a rite of passage not anything that can honestly be applied to real work. There were. But even your own example is showing there are less and less at the mo. I'd guess accountants have been more than decimated in the last 20 years. The old trick of charing out book keepers at accontant's rate has long gone. The software is too good and computers too cheap. Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 28, 2016 Share Posted April 28, 2016 Why the USA? Why not try one of the excellent European universities? I've got an eye on a Dutch Uni for my kids. Small country, obscure language so no qualms about providing an all English course. Quote Link to comment Share on other sites More sharing options...
spyguy Posted April 28, 2016 Share Posted April 28, 2016 Oh, and pointing them at Standford's online courses too. Quote Link to comment Share on other sites More sharing options...
MrPin Posted April 28, 2016 Share Posted April 28, 2016 Drop out students, and get bonged up! That is my advice. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 28, 2016 Share Posted April 28, 2016 There were. But even your own example is showing there are less and less at the mo. I'd guess accountants have been more than decimated in the last 20 years. The old trick of charing out book keepers at accontant's rate has long gone. The software is too good and computers too cheap. Plenty of work, wouldn't recommend it myself as I didn't enjoy the job, but some do. Folk don't like doing tax returns, if quarterly reporting replaces the annual tax return, then not only will firms and individuals be in chaos but there will be even more call for accountants. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted April 28, 2016 Share Posted April 28, 2016 Drop out students, and get bonged up! That is my advice. Combine the two! Go to college in Denver! Woop! Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted April 28, 2016 Share Posted April 28, 2016 Drop out students, and get bonged up! That is my advice. So.....become a student? Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted April 28, 2016 Share Posted April 28, 2016 And, lest we forget, the rate levied to that debt is RPI+3%. So on-target RPI means a rate of approximately 6% on the balance, or over £2,600/annum. The graduate salary required to keep the balance merely stable is approximately £47,000/annum. Quote Link to comment Share on other sites More sharing options...
PopGun Posted April 28, 2016 Share Posted April 28, 2016 Because their lecturers and vice chancellors are worth it. Of course they are.... So much in fact that they, any MP who voted for fees and the uni fee lobbyists should put their money where their mouth is and retrospectively pay back the education they got for free. Only fair Quote Link to comment Share on other sites More sharing options...
winkie Posted April 28, 2016 Share Posted April 28, 2016 Why can't we just learn off of each other for free or do our own research......why should a good employer request a certain expensive and sometimes time wasting certificate?... they should be judging the person, what they have done and are interested in, not the persons background, previous schooling or ability to memorise useless facts......a short series of tests and questions and answers will sort the wheat from the chaff for most occupations, build on that......not difficult. Quote Link to comment Share on other sites More sharing options...
MrPin Posted April 28, 2016 Share Posted April 28, 2016 Why can't we just learn off of each other for free or do our own research......why should a good employer request a certain expensive and sometimes time wasting certificate?... they should be judging the person, what they have done and are interested in, not the persons background, previous schooling or ability to memorise useless facts......a short series of tests and questions and answers will sort the wheat from the chaff for most occupations, build on that......not difficult. You shoud watch the Wizard of Oz "If I only had a brain". Quote Link to comment Share on other sites More sharing options...
winkie Posted April 28, 2016 Share Posted April 28, 2016 You shoud watch the Wizard of Oz "If I only had a brain". No degree will prove intelligence.......there are so many different degrees of different types of intelligence..... Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 28, 2016 Share Posted April 28, 2016 (edited) Why can't we just learn off of each other for free or do our own research......why should a good employer request a certain expensive and sometimes time wasting certificate?... they should be judging the person, what they have done and are interested in, not the persons background, previous schooling or ability to memorise useless facts......a short series of tests and questions and answers will sort the wheat from the chaff for most occupations, build on that......not difficult. Because a whole economy of BTL, academics and support staff has been spawned. Think of GDP man. But it rather suits the masses imo.........their kids can go off on a Brideshead revisited fantasy rite of passage once the preserve of teddy bear carrying toffs. and the best thing is it is buy now, pay later. That is sure to appeal. Don't deny them their Human Geography and Drama degrees. Edited April 28, 2016 by crashmonitor Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 28, 2016 Author Share Posted April 28, 2016 (edited) Don't feel too sorry for the young. They get great jobs, final salary pensions, cheap housing, no wars, jobs for life. loads of sh*gging. ..... ..... ..... Just popped back to 1960 in my time machine for a mo there Edited April 28, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
malk Posted April 28, 2016 Share Posted April 28, 2016 Because their lecturers and vice chancellors are worth it. Lecturers on around £35-60k (Profs above that) after a shed load of prior study/training/work. Yes they're worth it. VCs on the other hand are a waste of space but even they are "only" on £300-500k for, in some cases, running world class institutions with over 10k staff plus all the students. That's chicken feed compared to the parasites in the city. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 28, 2016 Share Posted April 28, 2016 Crazy debt which will drag on the economy for decades. Quote Link to comment Share on other sites More sharing options...
malk Posted April 28, 2016 Share Posted April 28, 2016 Crazy debt which will drag on the economy for decades. And will probably cost the country more in the long run as the vast majority of students won't pay off the debt. Quote Link to comment Share on other sites More sharing options...
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