Astronomical University Tuition Fees = a UK debt time-bomb?Posted: December 11, 2011 | |
About to choose a course at one of the UK’s Universities? Worried about being mugged – you should be! Our big, bad Government is about to saddle you with a massive debt to cover those Tuition fees. Think its unfair? Well we are up to our eyeballs in a debt that is growing every day and somebody has to pay for Higher Education – you!
America are a long way down this road, their students have always had to take loans out. £600 billion is owed over there. That looks like £600 000 000 000, give or take a few noughts! Not a problem if loans are paid off on time, but that is exactly the worry – about 6% of their graduates cannot afford the repayments. This is partly because of a high graduate unemployment rate. They sit on a debt time-bomb and – where America goes today we will surely follow.
So what does that matter to you? Well, this is a genuine plea to stop you from sleep-walking into a pile of distressing debt. There are options – buy an up and running Franchise business for a lot less than University loan and you won’t have to go grovelling for a job in 3 years time. Check out an apprenticeship or degree sponsoring employer – if you can find them.
Quite rightly many will opt for University, make sure that you take as much precise advice as you can. You are strongly advised to mistrust and ignore ‘lazy’ comments like these:
- “Study what you most enjoy, having any degree gets the job not the degree subject.”
- “Better prospects with the Sciences or Engineering.”
- “Graduates of all disciplines get the best paid jobs.”
- “You are bound to land a good job in the long run if you have a degree”
- “We’ve been here before – our country always pulls out of recession.”
These are comments from the 1980’s, when a degree was worth an unbelievable extra £400 000 after a lifetime in work. Get yourself better informed, sharpen up your course search and get clued up with the real issues on this impartial website.