Student debt

singist

singist

singist

Soldato
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Ok, I've been thinking (yeah, I know I shouldn't) ....... all this stuff about students leaving uni' with huge debts etc ............ How about this:

If the student gets a 1st they pay no tuition fees and no interest on any loans.

If the student gets a lesser degree (dunno how many grades there are) they get less discount, pro rata.

It would help motivate people to work hard rather than **** it up the wall every night and come out with a lower 2nd or worse and debt yes?


Probably not a popular concept but in my naivety, it seems quite a good way of doing things: convince me why it would be a bad idea.
 
narh......

At least currently, you know the ones who get's a 1st get there because they want to, not because of any financial incentive.
 
Our entire school system needs overhauling. To many people are goign to Uni and far to many getting useless degrees.
Far to much focus on academic subjects at secondry school, fine if that's what you want to do. HNDs or what ever they have these days are not respected enough. They should have well respected or use professional body exams at a far earlier age(GCSE) if people want to go that route.
 
singist said:
Ok, I've been thinking (yeah, I know I shouldn't) ....... all this stuff about students leaving uni' with huge debts etc ............ How about this:

If the student gets a 1st they pay no tuition fees and no interest on any loans.

If the student gets a lesser degree (dunno how many grades there are) they get less discount, pro rata.

It would help motivate people to work hard rather than **** it up the wall every night and come out with a lower 2nd or worse and debt yes?


Probably not a popular concept but in my naivety, it seems quite a good way of doing things: convince me why it would be a bad idea.
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Would not work.
I worked my ass off this year for my 1st in engineering and no way, in any shape or form, ever, is a 1st in media studies equal.

Those who do proper degrees get good jobs and pay all their fees back anyway through the 9% over £15,000 scheme anyway.

The student who gets a lesser degree bit that you mentioned would work, but then we would have to say degree A is better than degree B etc etc (which in real life we do). This is a can of worms that the conservatives opened a few weeks ago by saying all Alevels are not equal.

AcidHell2 said:
Our entire school system needs overhauling. To many people are goign to Uni and far to many getting useless degrees.
Far to much focus on academic subjects at secondry school, fine if that's what you want to do. HNDs or what ever they have these days are not respected enough. They should have well respected or use professional body exams at a far earlier age(GCSE) if people want to go that route.
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I agree fully:)
A car mechanic, electrician, plumber etc etc may not be hugely academical, but they are worth 100s of times more than studying social media with child care as a degree.
 
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singist said:
Probably not a popular concept but in my naivety, it seems quite a good way of doing things: convince me why it would be a bad idea.
Click to expand...

Well as far as I'm aware, the rate of interest charged is meant to equal to the rate of inflation, so the student loan company shouldn't be making a profit or a loss. If they scrapped the interest then they would be making a loss as a result.

As far as financial motivation goes, my department actually gives out a scholarship of £1500 to any students who get a 1st. As nice as it is, that isn't my main reason for trying throughout the year.
 
Jotun said:
Well as far as I'm aware, the rate of interest charged is meant to equal to the rate of inflation, so the student loan company shouldn't be making a profit or a loss. If they scrapped the interest then they would be making a loss as a result.
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Actually that's exactly what SLC are doing from September, scrapping the interest for a year (reason being that they should be paying out 0.4% as RPI was -0.4% in March, they've fudged it though).

As for the OP, how on earth is that going to work from a budgeting perspective? Do you think that tuition fees are some kind of tithe levied on students that just goes into an end-of-year faculty ****-up fund? Unis need those tuition fees, and they are paid every year - whereas a degree tends to last at least 3 years (i.e. you won't know what degree classification they get until after the 3rd year has ended). Unis can predict their income from tuition fees, because they know exactly how many students they have. They don't know exactly how many students will get 1sts, however.

If the government/LEA/whoever has to foot the bill, the same applies. How can they budget for that?
 
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I don't understand the debts anyways, pretty sure I've heard you also got grants there in the UK which you don't have to pay back if you pass school, or well I don't have to pay back a cent if I get a degree anywhere within 10 years ( though I can't earn more than 10500€ish a year if I want to have right on the grants in the first place)...

Don't expect to be in debt at all after studying, I still have my (evening) job which is enough to pay my phone bill and still have a massive ''going out'' budget ( 200+ euros a month spare if I work minimal contract hours after phone bill). And my student grand is just enough to pay for my study... All I have to do is my best and if I get my degree I won't be in any debt at all.
 
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snowdog said:
I don't understand the debts anyways, pretty sure I've heard you also got grants there in the UK which you don't have to pay back if you pass school, or well I don't have to pay back a cent if I get a degree anywhere within 10 years ( though I can't earn more than 10500€ish a year if I want to have right on the grants in the first place)...

Don't expect to be in debt at all after studying, I still have my (evening) job which is enough to pay my phone bill and still have a massive ''going out'' budget ( 200+ euros a month spare if I work minimal contract hours after phone bill). And my student grand is just enough to pay for my study... All I have to do is my best and if I get my degree I won't be in any debt at all.
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I get £9k a year. £3k grant, £3k tuition fee which I must pay back and £3k loan, which goes on accommodation.

the grant we get is a minimal amount really, it's enough for me to live on for 12 months quite easily but to pay for everything with just the grant would be ridiculous...I'd have to get a job... O_O
 
3k Is enough for pretty much any uni study, accomodation: Live with parents than making debts imo...

I'd have to get a job... O_O
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Get one, studying costs less time than secondary school, you can easily pull off a weekend or evening job while going to uni.
 
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