Tuesday, August 14, 2007

This is how the scam is financed

Top-up fees push up student debt

Student debt levels at English universities have risen by a quarter in the last year thanks to the introduction of top-up fees, a new survey suggests. The study also finds average projected debt on graduation has broken the £20,000 barrier at nine universities. So along with unaffordable housing and no pension you now get sh**fted to the tune of £20K if you want to be educated.

Posted by sovietuk @ 01:04 PM (445 views)
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4 thoughts on “This is how the scam is financed

  • In addition these days, if you actually want to work in your chosen field then you have to stay an extra year to gain at least a masters degree (or even PhD) before you will be considered – adding another £10,000 to that debt. Sadly, employers in the know equate many new degrees to good set of A’level results before standards dropped (pre-1997). As we all know, the government’s mantra of “rising standards” is another shameless lie. I work in academia and have witnessed standards being pushed down year on year, such that very few of our graduates can now compete with overseas graduates.

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  • At a well known ex polytechnic in the Midlands, when I was there in 1986/7 the Solicitors Exams were passed by only 35% of takers. Then the same place was allowed to mark their own papers (the Law Society stopped) and hey presto it was 80% (ish).

    Not to worry though because the students became 230% more intelligent overnight, so that’s ok then…

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  • Orwell it’s called inflation you get bloody everywhere these days even in trousers some retailers have given up providing waist sizes under a 34.

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  • Just remember that as well as being in ‘education’ until your are 24 going on 25 (if you take a gap year and spend 6-12 months finding a decent job) you will have effectively lost out on 7 years pension contributions and delayed your first step on the housing ladder. This will compound your debts even further in real terms all in the name of keeping you off the unemployment stats at your own expense. If you’re degree is one of the soft options you will never recover this money in your lifetime and would have probably been better off in the long run just getting a job with training or studying part time. Failing that become self employed and sell chinese crap over the internet.

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