Tuition fees in England and Wales rise to £9,535
https://www.bbc.co.uk/news/articles/cwyegp0dnq9o?xtor=AL-71-%5Bpartner%5D-%5Bbbc.news.twitter%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D&at_link_id=0885ACFE-6E7A-11F0-82ED-995D233622A3&at_link_type=web_link&at_format=link&at_link_origin=BBCNews&at_bbc_team=editorial&at_campaign=Social_Flow&at_campaign_type=owned&at_medium=social&at_ptr_name=twitter
Posted by tylerthe-theatre
31 Comments
Going to turn into America soon where only the rich can go to university unless you get a scholarship. Funny it’s the generation that got free/cheap education are the ones doing this
What difference is this actually going to make? Like half of graduates will never pay them off anyway. This is just a stupid roundabout way to subsidise universities
This may be an unpopular opinion but I think tuition fees needs to go up way more than that. We need to fund quality education properly and not need to depend on international students subsidising education. – in mitigation, reduce student loan interest
Maybe we could subsidise tuition of UK student by encouraging rich foreign students to come and study here.
I know it’s a touchy subject but tbh a ~3% rise over 8 years seems more than reasonable.
I honestly don’t think this matter. The interest on the student loans means nobody is paying these off.
People should recognise this change is helpful for the universities while making no difference to 95% of new students.
By inflation they should be £13.5k per year to be in line with £9k in 2014.
And as someone who went in 2014 I’m a little bitter to have paid the absolute highest fees in real terms.
So this increase is negligible, but I wouldn’t wish things to get significantly more expensive just because it’s what i went through- I’m not a cunt.
Funny thing is a few universities are already balanced on the edge of bankruptcy, there are many more ready to follow as the number of candidates goes down due to AI fears.
Why would anyone waste 10K on a career path that will be none existent in 15 years
A joke, I would love to add a degree to my CV, but I’m 100% held back by the fact that it would be a very poor investment, its a guarantee wouldn’t see a pay rise in response to the degree and with the student loan, it would take a rather unhealthy chunk out of my monthly wage.
I feel higher education has lost its purpose and people are openly cost prohibited from participating in degrees.
Put 20% on it like they did private education. It just makes sense.
Reminder that due to the interest rates, the cost of tuition fees will only ever impact those earning high enough to pay down the loan.
Only people that avoid paying for 40 years are those wealthy enough to pay up front. Inequitable. Scrap tuition fees and bring in a flat graduate tax instead.
If you want to make real money. Bin off uni, go into a trade, learn it, go solo, grow it. Boom, now you have a your own x business and you’ll be earning more than 95% of graduates. And probs retired at 45.
Another absolute disgrace from this government. Student debt is already too high, and unlikely to be paid back.
We’re creating a mountain of toxic debt for the future. It doesn’t just ‘vanish’.
Value of a degree goes down, but the price goes up. Madness
And this is why I have zero guilt about not paying back my Loan.
In total ive probably paid 5-8k in total, and the interest means I ended up owing more after.
I did 3 years in Jersey without realising they wouldn’t auto take my money, and now in China and at this point ill just ignore all the emails I recieve and continue ignoring it for 30 years.
Graduate tax on graduates from non-rich backgrounds.
Sometimes it’s easy to forget that many private schools are considerably cheaper than the university, so getting mummy and daddy to fork out for another 3 years is actually a saving for the parents upfront, and for the graduate who effectively gets a payrise vs their colleagues for life.
Significantly less in real terms than I paid to go to university. It’s still overpriced, mind you.
Keep the fees in line with inflation, cap interest on student loans at 1%. Or maybe 0%. That’s the reasonable way to do things.
Since April, I’ve paid around £250 off.
The interest that’s been added since April is around £1100…
I owe just over £97k.
Yeaaaaah, never paying that shit off.
I think even if i won the Euromillions £150m+ jackpot, i still wouldn’t pay it, out of spite.
They really need to figure out a way to fix the system, rather than just create an unpayable debt.
Can’t help but think it’d be easier to say “We’ll charge you X per month (Fixed amount), for the next 30 years” rather than this bs way.
And about 90% of those going will be for worthless degrees that’s not worth £5.
Remember – You get to pay more, while benefits scroungers, ‘refugees’, and tax dodging corporations pay nothing.
fuck it why raise it to £9,535, lets make it a nice round number of £10,000. When will it stop or will it ever stop.
For 99% of people this is essentially a tax you’ll be paying for life. No realistic salary will make a dent in the fees. Wish I did an apprenticeship.
For various reasons none of which were academic I was unable to go to university. I felt the need for my personal worth rather than any career advancement to get a degree. I did an Open university degree. It’s not easier and you may have to balance, work , family, social life over a 6 year period but it’s a dam site cheaper. A uni student doing a degree, masters and pgce are looking at a 65 K debt. There are options out there!
But the pensioners will still claim that the younger generations have it easier.
Im fine with this. What im not fine with is that disgusting 7.3% interest rate.
How the fuck is it RPI+3%
Why, university is getting shitter why are they charging more
oh no my imaginary debt went higher, shame I’m never paying it off and UK student loans are a fucking joke. Don’t be scare mongered by tuition fees going up. The payment plan is the same regardless, they’re just sending more money to unis at the end of the day. Maintenance loan is the only number anyone should care about
Doesn’t really make much difference, does it? You get a student loan which covers your tuition, and then you pay your loan back as a percentage of your income, which eventually gets written off. Student loans are essentially a graduate tax, its when they put the repayment percentages up, that’s when we have the real issue.
Good. It’s about times to fees went up tbh More funding for research. People will get all butt-hurt, but this is a great move.
It’s a meaningless figure, as 95% won’t ever pay the full amount. Though I admit it spooked many people into not studying.