Posted: 27/01/2014 at 10:04
I went to Uni back when fees were ~??1000. I finished with a debt of about ??10,000 once the rest of the loan was added. 10 years pist graduation I'm only just starting to pay it off. Yes it's not a debt it real terms and it disappears out my pay before I see it so I don't really notice it's gone. But that's one hundred and something pounds gone each month, so over a grand a year and I'll be paying this for another 10 years.
Someone leaving Uni with debts of ??27 plus and loan for living costs is going to be paying this off probably for the rest of their working life. Does this seem fair? Well depends if they're earning significantly more than they would be without the degree. Something that's somewhat hard to determine. I wouldn't like to see going to Uni only being open to those with a lot if money,