FUCK FUTURE FINANCE – THE FRIGHTENING REALITY OF PRIVATE STUDENT LOANS

Posted on August 3, 2018 by Norwich Radical in Student and tagged academics, advertising, campaigning, casualisation, corporations, cost of living, cycle of debt, featured, finance, Future Finance, government, higher education, interest rates, loan sharks, maintenance, marketisation, mental health, morality, NCAFC, payday loans, predatory loans, private landlords, private student loans, rent hikes, student activism, student debt, student finance, student loans, suicide, trade unions, tuition fees, UCU, UCU strike, unethical, university, working class.

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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

Posted on June 9, 2017 by Norwich Radical in Student and tagged arts, charity research funding, community colleges, Connecticut, Connecticut University System, conservatives, course closures, cuts, david richardson, education, elitism, employability, fossil free, Fossil Free UEA, fossil fuel divestment, fossil fuels, Freddie DeBoer, government, higher education, higher education funding, humanities, inequality, Ivy League, marketisation, mental health, mental health services, pay inequality, people and planet, public funding, rent hikes, russell group, STEM, student accommodation, student activism, Student Support Services, tuition fees, UEA, uk, UK Funding Councils, UK Research Councils, university management, USA, wages, Yale.

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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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