I don’t do lists or links when posters demand them.
However we all know the sort of degrees and the sort of universities, having a degree in tv soaps and drama for example, gets you precisely nowhere with employers for a job with a good salary. I feel so sorry for teenagers that have been sold a lie when they aren’t academic enough to get to a good university doing a degree in the usual academic subjects.
They may enjoy the course and have a great time with friends but is that enough?This is the real reason that loans never get paid back to the government and this is tax payers money.
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News & politics
Reform UK claims it would renegotiate Brexit deal to stop resident foreign students accessing UK student loan system
(131 Posts)Suella Braverman, Reform UK’s education spokesperson, says today, Reform UK would stop foreign students who are resident in the UK accessing student loans.
In recent years universities have become increasingly dependent on foreign students. They can charge them much higher fees, and the income from foreign students helps to fund the teaching for students from Britain, whose fees are capped.
The Reform UK policy would not affect these foreign students – because they cannot access the UK student loan system anyway. Instead, the policy would apply to UK resident foreign students – e.g. EU nationals with settled status (permission to live in the UK granted as part of the Brexit settlement, because they were here before) and foreigners with indefinite leave to remain in the UK.
Explaining the policy, Reform UK said: "Currently, 270,000 - 300,000 UK resident foreign nationals access £4bn worth of taxpayer-backed student loans each year, many of which are unlikely ever to be repaid. At the same time, British graduates face long-term debt and rising living costs. This measure will save approximately £2bn annually." The party said resident foreign students from Hong Kong and Ukraine would not be covered by this policy.
As the Reform UK party acknowledges in its news release, stopping people with EU settled status living in the UK from accessing the UK student loan system would require a renegotiation of the UK’s Brexit deal with the EU. The EU would not give up this concession lightly, and any attempt to renege on the agreement could lead to Brussels imposing retaliatory measures of its own.
Could you perhaps list say ten degree subjects that you consider "don't get them anywhere in life".
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.
twaddle
Oreo
Tolerance has got us the country we have today unfortunately.
If Labour or Conservatives or even Reform were to at last get tough with rules around loans and freebies then it could only be a good thing.
I really fear tho that things have gone much too wrong to ever be righted.Do you actually understand why student loans aren't paid back? It's not that the graduates are defaulting.
Yes, I do understand why student loans are often not paid back, but it’s very kind of you to inquire.
Plaid Cymru! My phone has changed that spelling twice.
I live in Wales and the polls are showing leaders are Plaid Cynru and Reform.
This will be a coalition as no party will get enough seats on their own. I don't want Reform anywhere here in Wales because of reckless announcements such as this about student loans.
An educated citizen is an asset. This costs money- money well spent, I would suggest.
I will declare an interest, here, as my son, daughters, sons in law and daughter in law all have degrees from British universities.
However, my DD living in Scandinavia, is about to collect her PhD, funded entirely by the state . She, is, now, a citizen of that country, but was not when she started this work.
She is, still, repaying loans to Britain, for her Masters.
When many of us were young you could walk into a job within a week.
It must be so hard now.
As someone else said, the student loan is not a freebie. I have read several former students saying that even when they are paying a reasonable amount off every month it makes little or no difference to what is owed because the interest rate is so high. From my recollection, the loan company was sold off and the new company increased the interest.
I can't imagine why any young person would want to take on the responsibility of a student loan unless they were doing a degree that was specifically required to follow a certain occupation. It must be soul-destroying to work hard, get a good degree and then be unable to find a job - with the daunting prospect that even if a job is secured, they will have this student loan round their necks for years on end.
It is popular is some quarters to portray young people as lazy and work-shy but I feel sorry for them.
Appealing yet again to the LCD. Hopefully this time it won’t work, but I won’t hold my breath.
Oreo
Tolerance has got us the country we have today unfortunately.
If Labour or Conservatives or even Reform were to at last get tough with rules around loans and freebies then it could only be a good thing.
I really fear tho that things have gone much too wrong to ever be righted.
Do you actually understand why student loans aren't paid back? It's not that the graduates are defaulting.
LemonJam
On what grounds does Reform base its assertion that this policy will save £2 million per annum- no explanation given....
It would be easy enough for most of them to claim British citizenship, which is expensive but would mean they were eligible for student loans. All they need is to have had the status (indefinite leave to remain or settled status) for 12 months, have lived in the country for 5 years and pass the citizenship / language tests.
So there would be a fairly simple way round thisfor most, even if those student numbers are right, so I doubt all the fuss & changing the Brexit arrangements would save much at all.
filed = fuel
I would far rather live in the UK than the US, but each to their own. The UK like, any other country in the world has economic challenges, fuel supply challenges etc, cost of living challenges, introducing risks largely as a result of Trump's actions in Iran putting filed and may other supplies at risk- and consequent price increases.
Defence and national security is becoming increasingly important as a result of such geopolitical tensions and. uncertainty. As a result we rely more than ever on our EU neighbours, particularly at a time Trump denigrates Nato and the UK.
Leaving the EU has damaged the UK economy. Yet we need to align more with the EU on many issues, including defence in the face of Trump's actions and assertions. I fail to see how poking the EU bear seeking to restrict reciprocal EUSS rights will achieve anything much positive- economically or diplomatically.
Edit: thought through not "throat through"
Election gambit, no more, no less.
He can promise what he wants.
He neither will be in a position to deliver nor has been throat through
He's whipping up hatred of "furriners"and it brings just more division and antagonism What do we truly gain from that
as people in the UK need trained younger workers in many fields as the population grows older
Of course all this depends on Reform being the party of Government in a few years time - which praise the Lord won’t happen.
Much better than the US of A.
What's wrong with 'the country we have today'?
Under student loan repayment reforms, the government forecasts that around 56% of full time graduates starting in the 24/25 cohort will pay their loans in full, including all the interest added to the loan, which can be over many years. The repayments are income contingent, meaning graduates only make repayments if they earn above a certain threshold.
The government makes a profit on the interest payments over the years of repayment which helps off set those that don't fully repay. That is the government charges interest at a rate that exceeds the government's borrowing costs.
The government student loan interest rate depends on the plan number when the student began studying. Eg ranging from Pan 1 for older loans, 3.2% (lower of RPI or bank base rate) plus 1%, Plan 2 (post 2012 England and Wales 6.2% RPI + up to 3% etc. Interest rates are updated annually in September based on Retail Price Index, RPI. Thus student loan interest rates are more than High Street banks and the banks make a profit.
The £2 billion sum claimed by Reform is not evidence based. Reform has not said how many EUSS students since Brexit were awarded Student Loans, or how many have been repaying their students with interest compared to how many have not yet paid- in order to work out a positive or negative balance.
It's all a lot of hot air and baloney! Reform promise everything they think the poor people who support them will believe, but they have no intention of doing anything except claiming what they can without doing a single thing to help those who voted for them.
I'm afraid it is a national disease for which there is no cure.
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.
It’s not 4 billions? It’s 2 billion.
Will it be spent on the NHS or do we wait for a bus to discover this?
LemonJam
A student loan is not a "freebie' it is a loan.
Getting tougher on those that fail to repay within the rules is a completely different. No one likely to disagree with the principle that repayments should be made as set up within the loan scheme.
The only way these students could avoid paying is to a) leave the country or b) earn too little or nothing.
As only those students already residents here with settlement status already in place and quite probably family and connections, how likely is it that they’ll run off abroad?
On what grounds does Reform base its assertion that this policy will save £2 million per annum- no explanation given....
A student loan is not a "freebie' it is a loan.
Getting tougher on those that fail to repay within the rules is a completely different. No one likely to disagree with the principle that repayments should be made as set up within the loan scheme.
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