UK University fees under review
The UK government is in the midst of a review of the costs associated with university education in the UK with a number of parties very vocal in their support for different issues. It looks as though the current education fees of £3,000 a year could be increased to as much as £5,000 or possibly £7,000 per annum if the opinion of university vice chancellors is taken into account. However, this has caused outrage in many areas of the education system and the UK population which could bring significant conflict with the UK government.
It has been estimated that using a mixture of private loans and government student loans, under a system where fees were £7,000 a year, a student leaving university in 2016 would have around £32,000 of debt, after just three years of studying, against the UK average of around £17,000. While many of the vice chancellors believe an increase to around £5,000 or even £7,000 a year would not deter the vast majority of those looking towards further education, it is bound to impact upon those from low-income backgrounds.
How perverse that at a time when the UK government is asking us all to save money we could see the future generation of workers in the UK hit with a £32,000 debt before they even start work!
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