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News, Student Debt

“Education letters”

Education letters

Readers respond to David Willetts’s defence of the coalition’s policy on higher education funding,

Who would copy this university funding policy?

Last week, David Willetts defended the coalition’s policy on higher education funding, saying that other countries are watching to see if they could follow suit.

• If a third of the money loaned to students will never be repaid, who will be charged with paying off the debt – the taxpayer? We are told the reforms mean that many students will have to pay back less. If that is the case, how can the reforms achieve savings overall? I just don’t understand the spin – debt is bad, which is why reducing the deficit is the mantra, yet it is fine for our young people to saddle themselves with massive debts at the start of their adult lives.

Richard Drinkall

Lincoln

• A university graduate pays at least £100,000 more in tax over their lifetime than a non-graduate. If these policies were about deficit reduction and the future of the British economy, the government would be putting more money into education, not less.

smootthisland via guardian.co.uk

• My criticisms of the government’s higher education policy would be:

1) If, as Willetts says, less than a third of the debt will be repaid, and this over the course of 30 years, how can it possibly help with deficit reduction?

2) Poorer students will inevitably pay more for their degrees than richer ones when you factor in interest on loans. In addition, poorer students will end up with higher loans to cover their living expenses.

Accasha via guardian.co.uk

Original article

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Discussion

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