And if you are a middle earner who would not have paid off your loan in full under the old system, making you pay for an extra 10 years and making you pay more each year is probably going to cost you more than you are going to save from paying lower annual fees.The highest earners would still pay the most but would pay less than they do under the current system
So while the new system would still be progressive overall, it would be less progressive than the old system and it would be reasonable to describe the changes as regressive.The review also looked at the impact of the proposed changes on the lifetime repayments of six example students with different earnings.
It is the middle earner who would really being hit by the new system, with estimated lifetime payments rising from £14,844 to £26,667, as a result of the lower payment threshold and having to pay for an extra 10 years.All of the higher earners would find themselves better off under the proposed system as a result of the lower annual fees and paying their loans off faster as a result of the lower threshold, which means they pay less interest overall.
As usual it would only benefit students from richer families that can pay the fees outright. Once again ruining the future generations of our country. It’s given my daughter one more reason to scrap her uni offers and just move abroad! Thanks for that. May be the making of her!
Not sure why the BBC has used a stock photo of American students? Yellow school bus passing in the reflection of the coffee shop window.
Nope
DbAshby No cos it's just another lie. The party who trebled the fees claims to now want to cut them? The party totally irrelevant to anyone under 50 tries to lie to students to secure votes? I'm pretty sure they will remember the lib dems promise that the Tories overturned.
It squeezes the middle most. The poorer students also lose out as the amount you start repaying it at is lowered and you pay it for longer. The well off win again as it costs them less as the fees are lower. They call this reform! 😡
Of course not, why would the tories help poorer young students, the group least likely to vote for them
No. No. No. People need to stop seeing them as loans. They are not traditional loans. Thats what is barring poorer students, the rampant spread of misinformation and education on the student finance system.
They need to help students whose amount of help they get depends on how much their parents have earned, it's not the parents going to university and most of them can't even afford to help with the costs.
To minimal to be a real issue but right they pick up their tab
I'm still baffled as to how it costs £9250 a year. Schools get £5000 for 25 hours lessons plus tutor time. Most degrees are taught in classrooms and lecture theatres for half that time. How does it cost so much?
Question is how does the UK educate it’s own populace? Instead of educating the money paying foreigners that take their talent back home.
The picture tells they are laughing.
No, overall it would help richer students. Next question.