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Personal debt - do the LibDems think it is a good thing?
Personal debt - do the LibDems think it is a good thing to inculcate a 'debt=good' mindset in eighteen and nineteen year olds looking for an education?
What do you think of the way Alex Salmond is looking after his Scottish students? And, finally, when is something going to be done to abolish the new serfdom of unpaid work in the form of 'internships' for our children leaving university?:
The overall level of household debt is too high in the UK mainly because of the house price boom in the last decade which took prices (and mortgage debt) to extreme and unsustainable levels.
But there is nothing wrong with individuals borrowing prudently – for example for house purchase. Most of us did when we were younger and managed our debt.
Student loans are subsidised and only have to be paid if the incomes of graduates rise above £21k.
The Scottish anomaly is unaffordable and will come to grief.