Article 50

daphnedill is still confused?

No-one pays the interest if the loan is never paid back. It's a very dodgy area. It has proved less successful than originally planned, more expensive and more difficult to administer. Is it losing money? Who knows? the costs and the unpaid loans haven't yet reached their full potential.

My thoughts exactly Ana

Who pays the interest over 30 years if the student doesn't?

Daphnedill is not confused

The government (Student Loans Company) does not 'lose money' if loans aren't paid back. It makes money from the interest payments over a 30 year period. Repayment of the original loan is a bonus.

The SLC has recently beefed up its overseas collection unit. I'm sure it is still possible for a determined fraudster to disappear somewhere in the world. However, the ex-student is likely to have his/her passport seized if he/she tries to return to the UK and can be traced via National Insurance number if he/she tries to work. The SLC also has arrangements with other countries to report income.

My DD is currently having hassles with the SLC, because she went on holiday for three months to South America. Somehow or other, it knew that she'd flown to Peru.

Universities have caps on the number of UK students they can admit with some exceptions for very high-achieving students if they want. Overseas students aren't covered by the cap, so there wouldn't be more places for UK students if EU students stop applying.

rosesarered said
"So much unpaid debt!"

And bear in mind this is just England! The situation must be worse in Scotland where they dont even pay tuition fees!
And this was 2014. God know what its costing Britain now!

European students are failing to repay a record £38m after taking out taxpayer-funded loans to study at universities in England, it has emerged.
New figures show that arrears accumulated by students from EU member states have soared three-fold in just two years, prompting fresh concerns over the system used to chase graduate repayments.

In all, more than one-in-eight EU students living abroad are officially failing to repay government loans, it was revealed.

It also emerged that the total amount of money handed to students from outside Britain has ballooned by more than £200m to £686.3m in the last 12 months alone

What a 'benefit' eh?

Daphnedill

Clearly was confused.

She thought EU students needed three years UK residency to be entitled to pay home student fees.

She is wrong. They are all entitled and require no prior residency.

See my link above.

So much unpaid debt!

Jess said

"Which no doubt explains why the university vice-chancellors were vocally against Brexit and why they are very worried about the drop in EU numbers".

No of course it doesn't. Stop throwing in red herrings, their reasons are far far more complex but certainly NOT because EU students 'benefit' UK students . They do not.

My above post was to Jess

Surely that would be their stance though, as they want things to continue as they are with record ( or high) numbers of students.Universities are a sort of business after all and do not like uncertainty.

Roses

Actually, a lot of our own ( ie. British born) students do not ever pay it back, so that probably applies to EU students as well.That's student loans.

You are right, but the picture is far worse than that as the 'pay back rate' is in reality MUCH lower from EU students, because it is so easy for them to disappear, and so hard to trace them!

www.telegraph.co.uk/education/universityeducation/10920523/

*EU-students-fail-to-repay-record-40m-in-university-loans.html
Figures from the Student Loans Company show that EU students are failing to repay almost £40m after borrowing money to study in England, with debts tripling in two years*

The idea that 27 different countries with different cultures and languages can cooperate effectively as a single state would is ridiculous, its like herding cats!

Dont expect any of this to be taken on board by the EU zealots however.

Much as they love to use economic arguments about Brexit, their fervour for the EU is absolutely nothing to do with economic reality at all, and all about Faith!

I vow to thee, my E.U
All earthly things above
Entire and whole and perfect
The service of my love

Which no doubt explains why the university vice-chancellors were vocally against Brexit and why they are very worried about the drop in EU numbers.
And are generally agreed that a hard brexit would be a disaster for science and technology side of universities

Daphnedill is not getting confused.

it will affect our universities

Jess said:

"EU nationals pay the same fees as UK students - an income for the universities that is far from trivial"

While strictly speaking this is correct it is predicated on two false assumptions
1. That student fees cover the full cost of their courses. This isnt so, because tuition fees are capped. The cost to the university is also very variable with generally practical scientific courses being much more costly than an essay writing subject such as English or law.

2. That universities would b unable to fill the places with UK students - rarely true and generally true only of the less respected courses at polyuniversities. Arguably such courses should be closed.

EU students are of NO benefit to UK students whatsoever , in fact they block places that would otherwise be available to our own. This is especially damaging for the most sought after and expensive UK courses such as medicine, veterinary science, dentistry, nursing.

Jess said

"No I am certainly not conflating the two Mair EU nationals pay the same fees as UK students - an income for the universities that is far from trivial.
Non-EU students pay even higher fees of course"

Sorry Jess but you most certainly did conflate the two in your earlier post:

"University boards around the country are currently very worried about the drop in applications from non UK students because the drop in income will mean they have to cut services to all students. "

"Mair - so you're getting all riled up ?"

Not "riled up" at all Jess. Simply correcting your error.

My second sentence was ' that is student loans' ( in case of doubt.)

Actually, a lot of our own ( ie. British born) students do not ever pay it back, so that probably applies to EU students as well.That's student loans.The government loses a lot this way.Presumably after we leave the EU , students wanting to study here will have to pay more, and no loans given.That will not affect the really good Universities so much ( Russel Group) but will affect the shall we say, lesser ones( which may be a good thing.) There are too many of the not so good type of Uni's around, they land students with huge debts to pay back ( or not pay back) and do not impress employers or lead to great jobs.Too many Uni's were created in the not too distant past, polytechnics converted to them for instance, it may be time to re-think the whole thing.

X post, Jess.

I'm not quite sure what the problem is here. Being eligible for 'home' fees isn't detrimental to the University; it just means it's not making much money from them (but do note that UK students are at present free to exploit cheaper fees in other EU countries, a route they will lose on Brexit).

The three year residence criteria does apply to obtaining a student loan, so how do we get from that to a belief that EU students just rock up, take the loan and then disappear withiut paying it back?

No I am certainly not conflating the two Mair EU nationals pay the same fees as UK students - an income for the universities that is far from trivial.
Non-EU students pay even higher fees of course.

Mair - so you're getting all riled up about the fact that EU nationals who have lived here for 3 years can apply for a student loan?
In other words the ones whose parents are working here and contributing to the economy? Those ones?

....and also they bring money to EU countries universities as well.

Thank you for clearing that up Mair I had heard that it's countries outside the EU that bring money to our universities.