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Page Content Student Finance 2012 on
With student fees of up to £9000 per year from 2012, students and parents may well be carefully considering whether university is actually worth it.. Myths, panic and confusion about the 2012 English student finance changes are widespread. All the coverage, during the summer, focused on Commons' spats and riots in the street – with little information about the practical impact on students' pockets.
What is worrying is that the increase in university fees from 2012 and the level of misunderstanding around the new university loan structure could result in young people missing out on a university education which is so important if they are going to be able to compete in a globalised economy.
My view is a very simple one and it is best encapsulated in this short video, featuring Martin Lewis, which was produced to inform students and parents- http://www.youtube.com/user/SkandiaUK?feature=mhsn .
Martin Lewis also dispels many of the myths surrounding the new student loans on his moneysaving expert website which is worth reading: http://www.moneysavingexpert.com/family/student-loans-tuition-fees-changes
A key aspect is how you approach the student loan – and if you think of it as a ‘graduate’ tax rather than a ‘loan’ then the whole nature of the debt changes. This is explained extremely well in Martin Lewis’ website as above.
I hope that this information if useful and helps to dispel many of the myths surrounding the new student fees and how the ‘loan’ operates. Going to University is such a valuable thing to do and if our students are going to be able to compete in our globalised world, then a degree is vital in addition to the fun and the experience of mixing with new people as part of their journey. |