FUCK FUTURE FINANCE – THE FRIGHTENING REALITY OF PRIVATE STUDENT LOANS

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By Lewis Martin

CW: mentions suicide.

Sometimes targeted adverts reveal to you more than you wanted to know. I’ve recently been experiencing facebook ads for Future Finance, a company that offers loans of up to £40,000 to students, with an interest rate of 17.45% APR for all the time that you’re studying. To put that in perspective, if you borrowed £7000 over 5 years, you’d have repaid a stonking £11,223 by the time you’ve paid it off. This eye watering example reveals both the current state of Higher Education financing and a frightening future that is increasingly intruding on the present.

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ELITISM REFUSES TO DIE – THE UNIVERSITY FUNDING PROBLEM

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by Lewis Martin

Last month, Freddie DeBoer wrote about the failure of the university system in the United States to equally fund different institutions across the country. Looking specifically at Connecticut, DeBoer shows how Yale, one of the prestigious Ivy League universities, fuels social inequality by receiving public funds as well as other sources for revenue whilst other, more accessible community colleges are “cut to the bone”.

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