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.
by Lewis Martin
Back in March, the MinoriTory government announced the idea of running fast track two year degree courses in the hope of saving students money. Last week the Times Higher Education supplement revealed that surveyed students from lower socio-economic backgrounds would be more likely to take this option up if it existed. Could the Tories’ apparently hare-brained scheme in fact be justified?
by Rowan Van Tromp
This summer George Osborne announced that the current system of non-repayable, means-tested maintenance grants would be scrapped and replaced by additional maintenance loans. He deemed it “basic unfairness” to ask taxpayers to fund grants for people who are likely to earn a lot more than them.
Perhaps then it’s his experiences of the tax affairs of Tory party benefactors, such as Michael Ashcroft (also known as Lord Ashcroft to those who adhere to the moronic social phenomenon of ‘peerage’), that blinds the Chancellor from the logical conclusion that earning more justifiably means paying higher taxes, to, for instance, provide an equal means by which people can access higher education.Continue Reading