The second half of that article is a complete mis-representation, because it's already the case that anyone earning over £15k (not £21k, as proposed in the new measures) is facing a tax rate including the 9% payoff of student loan. They also rather bizarrely lump the 4% pension contributions in...
It's a bloody expensive way to learn common sense! I fundamentally don't agree with the assertion that going to university is some kind of 'life experience'. Someone should only go to university if it is going to make them more employable afterwards. That doesn't necessarily mean that they have...
I should point out that I don't particularly agree with this viewpoint, I am merely putting it forward. I had no issue with paying to go to university, and don't have a problem with the next generation paying for it (and paying more), but I do have an issue with this mechanism of massive loans...
I agree with this, in part. However, making the massive assumption that a university education results in a better job (I agree that this should be the point of it), we already have a system that means graduates pay for it; the progressive income tax system. If I go to university (at the expense...
Except that the Browne report suggested that a graduate tax set at 3% (higher than suggested in that article) is not viable. It would probably have to be double that, and you'd still be reliant upon the government covering the shortfall in the interim.