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Government 'will take 35 years to recoup tuition fee losses' 
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Legend
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Joined: Fri Apr 24, 2009 2:02 am
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http://www.telegraph.co.uk/education/ed ... osses.html

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Official estimates suggest the amount of money loaned to students will balloon to a record level by 2047 before the Treasury starts to recoup the losses from graduates.
The disclosure – made in data obtained under the Freedom of Information Act – will raise fresh fears over the Coalition’s controversial higher education reforms.
Student leaders claimed the system would create a “debt time bomb that ticks for many decades”.
From next year, students starting degree courses in England will be charged up to £9,000 a year in annual tuition fees – almost three times the current total.
Ministers have pledged to provide undergraduates with subsidised loans to cover the cost of university fees and living costs. Graduates only start to make repayments when earnings hit at least £21,000 and outstanding loans are written off after 30 years.

:oops:

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Fri Sep 16, 2011 11:22 pm
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What's a life?
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Simple solution. Stop letting people with two E's at A-level into uni. Less students means more funding per person for the ones really smart enough to be there.

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Sat Sep 17, 2011 7:27 am
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Legend
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Yes far too many go to university. Though with the use for student debt we will end up with a situation where colleges ramp up fees because it is all funded by borrowed money and as students do not have much idea of the real value of the course they get away with it. If we went back to the same system as before when the government paid tuition and had grants but recovered the costs via a 1% graduate tax so would catch all the politicians who got free education but are depriving their kids of it.

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Sat Sep 17, 2011 2:43 pm
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