You are reading a single comment by @boristrump and its replies.
Click here to read the full conversation.
-
That's interesting. I benefited from a free university education, and admittedly would find paying for tuition now a less-than-welcome prospect.
The reason I raised the point is not so much to champion the idea itself, but rather to show a different perspective on a policy that has been universally criticised. Its overall intentions were never articulated at the time (for whatever reason), and had I not heard Nick Clegg talk about it, I would not have been able to appreciate it in a different light.
boristrump
Oliver Schick
Correct but a £24K student loan is not insignificant.
Where I studied (Netherlands) years ago your parents must give you X if they refuse the government gives it. Then you can borrow Y for cheap at the government. Uni fees were £2000 they are a bit more now.
So in most cases parents paid part, the loans did the rest, I had to pay back £500 for 10 years. My parents paid the fees. But £8k a year they could have just about managed, maybe but I can't. I'm saving just in case my son goes to uni.
I agree with fees and redistribution but the middle class also is the main tax base and there's only so much squeezing one can do.
I wonder if it pays off in the end with defaulted loans. Maybe free education with more progressive taxation fills the pot better.
Lfgss economics chat then :)