Friday, 19 November 2010

Rise in student fees

The main news this week is about the dramatic increase of student fees from the current £3000 per year to up to £9000. As we saw from the protests last week this news has cause upraw. But the question that remains in my head is do students actually think about the costs when they apply to universities? The way the student fees work is that you dont actually pay back a penny of your loan until you are earning a stable amount each month and if you move abroad you dont have to pay back the loan at all. So with those points in mind i think that students think about now rather than the future in that they have the money now and its a long way off before they actually have to pay the money back. However these increase in fees will leave many students in debt for many years after graduation and could leave them unable to pay for things such as weddings and properties in later life.