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Cost Of A Degree Thanks To Nu Labour

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Decided to start this topic after someone on another thread explained how my son should only have 2K of debt not the 20K plus I had said when he graduates.

This is a link to a BBC article which backs up my figures.

http://www.bbc.co.uk/news/education-10952303

Once again I post the reality of a situation and it is rubbished by people who don't have a clue what they are talking about.

:blink:

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Decided to start this topic after someone on another thread explained how my son should only have 2K of debt not the 20K plus I had said when he graduates.

This is a link to a BBC article which backs up my figures.

http://www.bbc.co.uk/news/education-10952303

Once again I post the reality of a situation and it is rubbished by people who don't have a clue what they are talking about.

:blink:

Its OK though, Liebour gave everyone a couple of hundred quid in a Child Trust Fund which totally makes up for it. Until the NASTY TORIES AND LIB DEMS got rid of it.

I too wonder why anyone in their right mind under 30 would even consider voting labour.

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Yeah 20k is about standard and the maths shouldn't be rocket science:

3 years tuition, 3 grand a year = £9,000

say rent of £300 a month (as an average) = 10,800 over 3 years (i know there is room for movement on this)

Almost 20 grand already and not allowing for books, food, bills, drugs!

Notice the cost of rent, probably going to see a lot more OU/living at home for degrees. Already a young bloke at my work who did his maths degree through the OU, although he is a bit of a tedious little pr*ck (nothing against OU)

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Its OK though, Liebour gave everyone a couple of hundred quid in a Child Trust Fund which totally makes up for it. Until the NASTY TORIES AND LIB DEMS got rid of it.

I too wonder why anyone in their right mind under 30 would even consider voting labour.

Well unless of course you are Scottish.

:angry:

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Watch the cost soar under Libcon !

Even if some sort of graduate tax is brought in, the up-front costs will rise. The universities believe that greed is good and that they are in demand, it is still a seelers market.

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And on top of this EU students are entitled to the same loans, grants and bursaries, but up to now

Over 70% of these people have never paid a penny back

And in the end this money will be written off IMO.

So if anyone wonders why I seem to be 'Mr Angry' - that's your answer.

:blink:

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Watch the cost soar under Libcon !

Even if some sort of graduate tax is brought in, the up-front costs will rise. The universities believe that greed is good and that they are in demand, it is still a seelers market.

I agree it has become all about money

But this happened under Nu Labour

:(

Edited by Game_Over

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Decided to start this topic after someone on another thread explained how my son should only have 2K of debt not the 20K plus I had said when he graduates.

This is a link to a BBC article which backs up my figures.

http://www.bbc.co.uk/news/education-10952303

Once again I post the reality of a situation and it is rubbished by people who don't have a clue what they are talking about.

:blink:

Your avatar sums you up. Labour were a shower of shit and I probably come from your end of the political spectrum but you don't half talk shite at times. Explain how a conservative party were ever going to make any students life any less expensive when it is not in their interest or particularly cost effective.

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This is just supply and demand. Just look at the superb A-level results. The majority of kids are now brain-boxes need to be nurtured at university. The sad reality is that it fends off the dole for another 3 years and it's easy to get into university these days. Labour's social engineering programme has ****ed a generation. Indians and Eastern Europeans must be laughing at British stupidity. Labour has given the jobs away.

This is all nicely tied into houseprices. The British didn't give a toss about corrupt politics for 13 years; the greedy parasites just want money for nothing in the form of articifical home equity inflation. It wasn't the illegal Iraq war, illiegal immigration, the flood of Polish, the murder of David Kelly or the expense's scancal that lost Labour the election.

Fixing university costs is easy. Bring back the rigour and make examinations difficult. Kick out the artificially cheap Eastern European employees and force a proper day's work out of the rest.

Hold on.... that's way too controversial and sensitive. WWIII is about the only thing left to hope for.

Edited by Xurbia

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Your avatar sums you up. Labour were a shower of shit and I probably come from your end of the political spectrum but you don't half talk shite at times. Explain how a conservative party were ever going to make any students life any less expensive when it is not in their interest or particularly cost effective.

How much did the cost of a degree rise after 18 years of Thatcherism?

And how much did it rise under 13 years of Nu Labour?

Everything I post can be checked against current news articles etc or by reading history

It's just that people have their own views which are based entirely on their own political prejudices.

You can say you don't agree with my analysis - but the facts are the facts if people could be bothered to check them.

For example this is the BBC article that says the majority of EU students have not paid any of their loans back.

http://news.bbc.co.uk/1/hi/education/7912548.stm

Do you think Student Finance England will let my son off his 20K debt when he graduates?

:blink:

Edited by Game_Over

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Decided to start this topic after someone on another thread explained how my son should only have 2K of debt not the 20K plus I had said when he graduates.

This is a link to a BBC article which backs up my figures.

http://www.bbc.co.uk/news/education-10952303

Once again I post the reality of a situation and it is rubbished by people who don't have a clue what they are talking about.

:blink:

The £20k figure is very believable. The fact is, that Nu Labour decided as a matter of policy to strive for an arbitrary 50% target of all kids going to 'UNIVERSITY'. Unfortunately the degrees given by some uni's are not worth the £20-25k they cost and I feel very sorry that everyone now attending has to start their working life loaded with debt. It is a pathetic policy which should have been exposed long ago as a sham. We simply do not need 50% of people having degrees and far more learning at while at work should be encouraged.

Nothing wrong with it. In fact, for many occupations it actually much better. We should not spoend our time giving such high regard to degrees which are not providing skills employers can readily use. Much better for many to work on a low wage while learning and live at home with their folks.

I had little help at the time and spent all the vacs working including the 3.5 month summer, to pay my way. Hardly any holiday really. I did not have these debts because of my own efforts, but also becaase tuition fees were paid for!!

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How much did the cost of a degree rise after 18 years of Thatcherism?

And how much did it rise under 13 years of Nu Labour?

Everything I post can be checked against current news articles etc or by reading history

It's just that people have their own views which are based entirely on their own political prejudices.

You can say you don't agree with my analysis - but the facts are the facts if people could be bothered to check them.

A different climate then, aspirations toward university started to change in the late 80s early 90s as GCSE results and A level results started to get better. More people started to go to university, grants were removed in the early 90s by the then Conservative government ( which I quite sure a labour government would have done the same) as a consequence students started to have larger debts. As for facts I was a student in the early 90s so trust me I was fully averse to the reduction of student grants and their eventual removal.

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The £20k figure is very believable. The fact is, that Nu Labour decided as a matter of policy to strive for an arbitrary 50% target of all kids going to 'UNIVERSITY'. Unfortunately the degrees given by some uni's are not worth the £20-25k they cost and I feel very sorry that everyone now attending has to start their working life loaded with debt. It is a pathetic policy which should have been exposed long ago as a sham. We simply do not need 50% of people having degrees and far more learning at while at work should be encouraged.

Nothing wrong with it. In fact, for many occupations it actually much better. We should not spoend our time giving such high regard to degrees which are not providing skills employers can readily use. Much better for many to work on a low wage while learning and live at home with their folks.

I had little help at the time and spent all the vacs working including the 3.5 month summer, to pay my way. Hardly any holiday really. I did not have these debts because of my own efforts, but also becaase tuition fees were paid for!!

The problem is that at the moment the alternative is usually unemployment or a low paid dead end job.

What I have said to my son is that when he graduates house prices will have crashed so what he owes for his degree will be offset by a smaller mortgage.

If you think about it, if every couple has 50k of debt before they even get a mortgage then surely house prices will fall accordingly because ultimately houses are only worth what people can afford to pay for them.

Here's hoping anyway.

:blink:

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Subsidising University is picking the pockets of the working class to benefit the middle and upper classes.

The current system of very low interest loans (and there is still a lot of subsidy in there anyway) is in my view the best way of making sure people realise what it costs and only make sure they go to Uni if it is a good decision.

Want to study English? why should I pay for you to do it, tat does not equip you to be as useful as an engineer, doctor, etc

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The degree system is more like a jobs tax and spend system - get a degree, by whatever means possible - i.e. beg, borrow, steal, spend the money now on a moribund education system and prop up many a btl empire or be be damned to the level of job (very low level) that no longer has a degree as a minimum entry requirement (in most cases utterly unnecessary, nay even counter-productive to both the employee and employer in the long run).

Be damned anyway because the govt. is still hell bent on providing unequal open access to anybody who can get intra company "sponsorhip" for a job, or skip over the border to get it anyway on the cheap, at a price that is wholly inconsistent with the costs involved with permanent residency in this country.

Edited by OnlyMe

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A different climate then, aspirations toward university started to change in the late 80s early 90s as GCSE results and A level results started to get better. More people started to go to university, grants were removed in the early 90s by the then Conservative government ( which I quite sure a labour government would have done the same) as a consequence students started to have larger debts. As for facts I was a student in the early 90s so trust me I was fully averse to the reduction of student grants and their eventual removal.

I don't mind people disagreeing with me, I just object to people denying the facts.

Mrs Thatcher came to power in 1979 so I'm not sure she is responsible for your grants being cut.

Whatever the history of university funding in the 80's and 90's, however, I don't think anyone could argue that after 13 years of Socialism the cost of a degree isn't higher than it has ever been. Unless of course the Lib Cons are going to be blamed for the debts of everyone who graduates in the next 3/4 years.

:blink:

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Subsidising University is picking the pockets of the working class to benefit the middle and upper classes.

The current system of very low interest loans (and there is still a lot of subsidy in there anyway) is in my view the best way of making sure people realise what it costs and only make sure they go to Uni if it is a good decision.

Want to study English? why should I pay for you to do it, tat does not equip you to be as useful as an engineer, doctor, etc

Problem is my son is working class and he is studying engineering.

:blink:

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Subsidising University is picking the pockets of the working class to benefit the middle and upper classes.

Its the exact opposite, you retard. My degree gives me a better job and I've paid back more than ten times the cost of the degree through excessive taxation. Thus lining the pockets of the lazy chav "working" class.

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Problem is my son is working class and he is studying engineering.

:blink:

Good on him, he should be able to easily pay off his debt as engineering is an excellent degree to have. He also won't have to pay it back until he is earning a pretty decent wage. (9% over 15k IIRC).

My soon to be wife did medicine (6years!) she has a fair whack to pay off, but the interest on it is so low, it isn't worth paying it off any faster than you have to.

Degrees still cost what they always have done, it is just a different person (ie the main beneficiary) picking up the tab now.

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Good on him, he should be able to easily pay off his debt as engineering is an excellent degree to have. He also won't have to pay it back until he is earning a pretty decent wage. (9% over 15k IIRC).

My soon to be wife did medicine (6years!) she has a fair whack to pay off, but the interest on it is so low, it isn't worth paying it off any faster than you have to.

Degrees still cost what they always have done, it is just a different person (ie the main beneficiary) picking up the tab now.

Thanks.

The thing is though, I am very concerned that as the rate charged is linked to inflation it is likely to rise steeply in the next few years.

If inflation hits 5%, it is going to take a long time to pay off these loans.

:unsure:

Edited by Game_Over

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This is just supply and demand. Just look at the superb A-level results. The majority of kids are now brain-boxes need to be nurtured at university. The sad reality is that it fends off the dole for another 3 years and it's easy to get into university these days. Labour's social engineering programme has ****ed a generation. Indians and Eastern Europeans must be laughing at British stupidity. Labour has given the jobs away.

This is all nicely tied into houseprices. The British didn't give a toss about corrupt politics for 13 years; the greedy parasites just want money for nothing in the form of articifical home equity inflation. It wasn't the illegal Iraq war, illiegal immigration, the flood of Polish, the murder of David Kelly or the expense's scancal that lost Labour the election.

Fixing university costs is easy. Bring back the rigour and make examinations difficult. Kick out the artificially cheap Eastern European employees and force a proper day's work out of the rest.

Hold on.... that's way too controversial and sensitive. WWIII is about the only thing left to hope for.

What an excellent post.

" Labour has given the jobs away " +1

But they have given everything away along with it.

I have been working in a lettings agency in East London recently. ( sorry but that's the kind of work I can get )

Two of the most common customers I get

1. Wealthy overseas student's , who have come from across the world to study here. As they are students they have to pay the rent for the whole tennancy agreement in advance . Cira £13,000 for the year , on top of that they have their other bills to pay, living cost's and any fees for study . When I quote the rent to them they do not blink.

2. Young 20's something professional couples or sharer's working in the city moving form central or west London. When I ask them why they are moving form west to east the answer is always the same " Priced out " by wealthy foreigner's. I feel as if London has been taken over by the wealthy from across the globe. It also has answered my question Why has an over supply of new build falts in East London not bought the prices down ? Answer there is not an over supply the flats are being moped up by the over spill form west to east London. Sales are not happening but rent's are rising

I know that all this foreign money is good for London's cash flow , However the down side which seems to be getting worse by the day is that the indigenous population is being pushed out . The low pay service sector jobs would not pay for a room in London town anymore and these jobs have a ready supply of overseas poor willing to live in over crowded conditions to be able to afford to live in London and take these jobs.

There is often lots of debate on here about people living on benefits for life ect. however if you have two kids and need to put a roof over your head bought or rented in London and the surrounds ,you have to have a very well paid job or be on benefits. There is no other way of surving in this over expensive International city.

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£25k is the maximum unsecured loan you can take, anything above has to be a mortgage.

Kiss goodbye any thoughts of taking on more debt after that,

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If you said you were sending your child to boarding school - people would look at you and say 'blimey you must be rich!'.

Yet this is what 50% of people seem prepared to do these days for 3+ years of eductaion.

Attitudes have yet to change according to the financial circumstances.

But these 'kids' are actually adults.

And I am not sending them anywhere, they are choosing to go because they see no alternative.

The problem is, instead of training our own people to be scientists, doctors, engineers etc

Universities now would rather train our competitors because they pay 12k a year in fees.

This policy will obviously wreck our economy eventually, but it is certainly a good way of making a quick buck in the short term.

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Yeah 20k is about standard and the maths shouldn't be rocket science:

3 years tuition, 3 grand a year = £9,000

say rent of £300 a month (as an average) = 10,800 over 3 years (i know there is room for movement on this)

Almost 20 grand already and not allowing for books, food, bills, drugs!

Notice the cost of rent, probably going to see a lot more OU/living at home for degrees. Already a young bloke at my work who did his maths degree through the OU, although he is a bit of a tedious little pr*ck (nothing against OU)

Our sons go to Uni this year & next. Have worked the figures carefully and assuming no part time work income and no help from us and allowing for having a reasonable social life I can't get the o/s debt higher than £22k at graduation. Unis are Cardiff and Bham or Leicester.

As it happens they will get support from us, and grandparents, and they have in demand swimming teacher and lifeguard qualifications and savings of their own which should leave them with less than £10k net debt.

Or maybe £20k debt having had a brilliant time.

Or no debt having worked more than socialising which is very possible if they take after their miserable sod of a Dad.

Is this unusual?

Am I being unfair to suggest that there are some ranting about the cost of higher education who are basically annoyed that its no longer possible to spend 3 years at Uni, have a great time, not work part time, not dip into parents and grandparents pockets and emerge with zero debt?

Discuss.

Erm, just in case anyone is xref'ing threads - yes No.1 son is getting a bursary but I removed that from the calc to align it with the calculations in this thread.

Edited by xux42

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  • 191 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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