Reform UK claims it would renegotiate Brexit deal to stop resident foreign students accessing UK student loan system

Don't you have to have a minimum of 3 years of UK residence to be eligible for UK finance?

So either we are talking about children who have been educated in the UK or adults who have worked and paid taxes?

Chocolatelovinggran

If you loan money, then claim it back with interest, then that is profit, not loss.
I understand that some loans are not paid back, for a variety of reasons,, but that applies to all loans, not merely student ones.

The capital might not be paid back, but interest is still collected over many years. Even if the original loan isn't paid back, inflation means it's insignificant at the end of the period. Meanwhile, the interest repaid exceeds the loan many times. The SLC still makes a profit.

Oreo

Sending so many students to Universities and making Polytechnics into ‘Universities’ to fit has been the worst thing for the country and for young people.It was a social experiment thought up by Blair and Brown which hasn’t done anyone any favours.
And on the government creating money, yes of course it can print any amount of it but that won’t help in the long run.

I don't understand what this has to do with foreign nationals taking up places at British universities.

Oreo, can we quantify the number " too many students" currently " working in a shop"?
Some degrees lead directly to a career, others do not. In my family, the only ones who went directly into the career suggested by their degree are the ones in medicine and engineering.
All of the others used their qualifications to take them in a different direction.
None of them are working in a shop, although two of them too some time out after university to work abroad, all in the travel/ service industry, before returning home to establish a career.

Oreo

These loans btw do become freebies as so many are never paid back, too many students doing the kind of degrees that don’t get them anywhere in life and they end up working in a shop or doing any job that doesn’t need A levels never mind a degree.

Did you pay for your degree?

I don't think sending a lot of sixteen or eighteen year olds out onto the job market would work either. The jobs are no longer there for them. Just more people claiming benefit.
We live in a different world. The jobs that were available when I was young for those with few qualifications don't exist. Apprenticeships are rare.
I think university is more than just about work. Education is never a bad thing.
I don't like the term 'spongers'. It's derogatory and unfair to those who try very hard to get work. I know some young people who, although having good degrees, are doing 'lowly' jobs while searching.
Tarring them all with the same brush is very wrong.

twaddle

Oreo

I don’t think that matters twaddle it would be less money spent which is paid for by the tax payers here, the government doesn’t have any money of its own.

Well, no it wouldn't. The Students Loan Company makes a profit. There are two possible outcomes. Firstly, the university places might be taken up by other applicants - people who had been born in the UK - who would apply for loans and be granted them, so there would be no "saving". The second possibility is that nobody applied for the excess places. In that case, the eventual income of the Students Loan Company would decrease, as fewer people would owe it money.

It's a daft idea, designed to appeal to xenophobic bigots, which wouldn't even achieve anything. (Surprised it hasn't been plastered on the side of a red bus somewhere!)

I suspect, the £4million sum came from some kind of back of a fag packet calculation and has no real substance. It has no basis in reality. Similar to the lies printed on the sides of buses during the Brexit campaign about £350 million a week going to the NHS.

It's clear that Reform also does not understand the asset management process that supports student loans. The government treats student loans as a massive, long term asset, sometimes selling portions of the loan book to private investors to raise immediate cash.

Not forgetting that it is currently illegal for Reform to stop EU nationals with settled status from accessing student loans.

Sending so many students to Universities and making Polytechnics into ‘Universities’ to fit has been the worst thing for the country and for young people.It was a social experiment thought up by Blair and Brown which hasn’t done anyone any favours.
And on the government creating money, yes of course it can print any amount of it but that won’t help in the long run.

I made no reference to spongers. I suggested that education is more than preparing for work. I feel no need to use capital letters to remind you of that fact.

Chocolatelovinggran

Goodness, David, you do seem to have negative views about about schools and universities. I do not share your views on this, as a retired teacher, university lecturer, school governor, parent and grandparent. I see these establishments as working with the next generation of parents, citizens, voters, and workers.
The "adult world" is a broad church, and surely should not be defined purely as a place " where you have to justify your wages by work alone ".

If you don't have a positive attitude to work you are a burden to someone else or the state. Everyone should contribute to society, if that means doing work that you think is beneath you should do it. Maybe you think that everybody should have the RIGHT to be a sponger on society, with no RESPONSIBILITY

If you are defending a system that is failing so many shame on you,

Goodness, David, you do seem to have negative views about about schools and universities. I do not share your views on this, as a retired teacher, university lecturer, school governor, parent and grandparent. I see these establishments as working with the next generation of parents, citizens, voters, and workers.
The "adult world" is a broad church, and surely should not be defined purely as a place " where you have to justify your wages by work alone ".

Somewhat patronising reply, methinks.

"When I worked as an Oxford university administrator, one of my responsibilities at the College where I worked was to keeps tabs on overseas students and ensure they attended a certain number of tutorials and lectures each term."

You and your children had all the advantages, you know people you know the system, most children dont have that advantage, great well done you.
Many dont have parents that are good role models, schools do not prepare children for the adult world where you have to justify your wages by work done.

If you loan money, then claim it back with interest, then that is profit, not loss.
I understand that some loans are not paid back, for a variety of reasons,, but that applies to all loans, not merely student ones.

Reform type parties hate
intellectuals don't they?

.. the government doesn’t have any money of its own ...

The goverment can and does create whatever money it wants to. It owns the Bank of England.

Once you can undertand this you no longer get bogged down in this notion that one person's tax is paying for another person's free ride.

As Richard Murphy says: The question is never can we afford it. The question is why aren't we chosing to do it?

www.youtube.com/shorts/A_K6VoaZdlw

And the answer in Reform's case is always rooted in their deep xenophobia this time being uttered by Braverman, daughter of migrants and herself a beneficiary of the Erasmus programme.

Oreo

I don’t think that matters twaddle it would be less money spent which is paid for by the tax payers here, the government doesn’t have any money of its own.

Well, no it wouldn't. The Students Loan Company makes a profit. There are two possible outcomes. Firstly, the university places might be taken up by other applicants - people who had been born in the UK - who would apply for loans and be granted them, so there would be no "saving". The second possibility is that nobody applied for the excess places. In that case, the eventual income of the Students Loan Company would decrease, as fewer people would owe it money.

It's a daft idea, designed to appeal to xenophobic bigots, which wouldn't even achieve anything. (Surprised it hasn't been plastered on the side of a red bus somewhere!)

I don’t think that matters twaddle it would be less money spent which is paid for by the tax payers here, the government doesn’t have any money of its own.

LemonJam

Where exactly does the £4billion pound saving a year come from?

I've been trying to work that one out. The figures don't add up.

David49

"I do think you’re a little harsh about what you consider “wasted” degrees, lots of very academic people do degrees, not knowing what jobs they finally want to do, and I don’t think education, at whatever level is wasted, and it’s no longer really much funded by the state, so why not!"

Why Not ?

Because it's a waste of time and money for the student and a dreadful waste of money for the government, the plan never did work and never will.

.

I was about to answer the ‘why not’ but see that you got there before me.

Gran22boys

Oreo

4 billion that could be used towards better things?I see nothing wrong with this policy at all.
Loans for students cost a fortune and very many are never paid back even from British students.
Freebies in very many areas are a big part of the draw towards our shores.

Quite right. (I usually find myself agreeing with you Oreo.)

Nice 😊

Students loans are only paid back when the ex student is earning a particular amount. My daughter has paid her student loan back already. Younger son who went on to do a Masters and a PhD only recently started paying his undergraduate degree loan back. Incidentally, daughter’s degree is in Theology - she works for NHS England. Younger son’s first degree was in Art History, his doctorate in Psychosocial Studies. He is a Civil Servant. However, elder son was entirely self-funding and his Masters suits his profession.

When I worked as an Oxford university administrator, one of my responsibilities at the College where I worked was to keeps tabs on overseas students and ensure they attended a certain number of tutorials and lectures each term.

Where exactly does the £4billion pound saving a year come from?

Oreo

4 billion that could be used towards better things?I see nothing wrong with this policy at all.
Loans for students cost a fortune and very many are never paid back even from British students.
Freebies in very many areas are a big part of the draw towards our shores.

Quite right. (I usually find myself agreeing with you Oreo.)

"I do think you’re a little harsh about what you consider “wasted” degrees, lots of very academic people do degrees, not knowing what jobs they finally want to do, and I don’t think education, at whatever level is wasted, and it’s no longer really much funded by the state, so why not!"

Why Not ?

Because it's a waste of time and money for the student and a dreadful waste of money for the government, the plan never did work and never will.

.