The Mudcat Café TM
Thread #134265 Message #3053887
Posted By: Don(Wyziwyg)T
15-Dec-10 - 07:16 AM
Thread Name: BS: Tory liars attack youth education
Subject: RE: BS: Tory liars attack youth education
""And in America the opportunity divide between rich and poor is more pronounced than in any other nation in the industrialized world.
Many students have to drop out of college becuae the pressure is simply too great.
Trying to concentrate on a degree whilst exhausted from working the night shift for nothing, coupled with the insecurity of a low paid unprotected job is hard enough, and worse when the job ends for whatever reason.""
In light of that I should have thought you would be pleased that on this side of the pond they don't have to find one penny for tuition up front.
In addition, if and when they are earning £21,000 they will be paying back about £30 per calendar month. If they drop below, or lose a job payments cease until they pass the threshold again.
The total cost for graduates earning £21,000 and paying £30 pcm for thirty years is a maximum of £10,800. I wish I could get a 30 year loan at that rate of interest.
The universities will be able to offer more places and a wider range of subjects, and those universities which want to charge above £6000 will have to prove that they are offering places to more students from disadvantaged backgrounds.
Given that New Labour's proposed graduate tax would require payment of 2% of earnings by all graduates earning above the personal allowance of approximately six and a half thousand until, I'd say this doesn't sound so bad.
And of course the maintenance grant (also unique to this side of the pond) is being increased.
My son left university with a double first and a debt of over £18,000, which he had cleared without any particular hardship in ten years, as well as buying a house and starting a family.