Who are you to say who can and can't afford it? Who says the terms of the loan won't change later on at government whim? I'd say it's pretty much a nailed on certainty than graduates will end up paying more than the government are saying at the moment, especially when there's a significant part of the projected graduate population who will never pay off their loans. Do you think that they're just going to let people retire and write off the rest of the loan?
Why should I pay higher taxes or do without services to fund those who wish to gain a degree to further their own financial security. Go by all means, but accept the responsibility and pay for it. It isn't difficult to budget repayment of a student loan on an average salary.
As for Government whim, that is true of absolutely any system you care to invent, so it's a pointless argument. And your nailed down certainty? Got a source for that, or is it simply hyperbole.
What is the requisite salary? I bet it's a good deal lower than the average wage. It is a liability - don't pay it, go bankrupt. If it's not really debt then don't call it a loan - hint: it is very real debt.
£21k is the cut-off AFAIK. which is around the average salary range. I did not say it was not a debt, but it is not treated the same as normal loans by credit scoring and thus is not a liability in the same way as a mortgage or highstreet loan would be.
Except that it massively favours the privileged few over everyone else. I say the ones who get the most benefit from the higher education system should be the ones who pay more for it, not those who have the least benefit before entering higher education.
I say those that benefit should repay what the course costs as and when their salary is sufficient to do so. That doesn't favour any demographic significantly over another. Especially as there will be MORE non repayable grants than there ate currently to help those in real need.
To use an analogy, Asking someone to pay £50,000 or £100,000 or even 1,000,000 (if your a banker!) for a Ford Mondeo just because they earn more to allow those who earn less to get one free is unfair. Fairer to say we will give everyone a Mondeo and when you earn over a certain amount you can begin to pay for it, if you drop below that amount or after 30 years we will suspend or write off that debt.