Wednesday, 30 September 2009

Student Loans

In many cities and towns across the UK over the last week you will have noticed that its that time of year again as students descend on University for Freshers Week and to start their term. This year there has been a record number of students applying for University and getting placed so there will be even more of them wondering around your local area.

However due to the record uptake and the recession it has caused problems with student funding with many students still waiting to receive their allocated student loan. Without student loans many people would be unable to afford to go to University and it is causing many problems and stress for students up and down the land. Some students don’t even know yet how much they will be receiving in payments so can’t even budget yet as they have no clue how much they will be entitled to.

The University year doesn’t get delayed because of students not getting student loans so students have been forced to try and get money from other areas whilst they wait for the money to come in. Some are getting loans from high street banks, some are having to get jobs and some are having to borrow from friends and family. These solutions are only going to add to their long-term debt or affect their ability to achieve on their course.

Universities still expect their fees, landlords still expect their rent and other things have to be paid for including food, bills, books and all other imaginable essential living items regardless of whether your student loan has come in or not. This means that some people will leave University in more debt than they should do or even worse still have to leave the course because they can’t afford to be on it without the student loan.

Many of the current MP’s got their University education for free so its about time they did something to help put pressure on the loan companies to sort this out or find a way to deal with the problem as if it isn’t rectified it could lead to a brain drain from University with high achieving students being forced to quit their course. If left any longer this problem will have unfair affect on students from poorer backgrounds, those who don’t have friends or family who can lend them money, or savings they can dip in to. Students from wealthier backgrounds may be able to deal with the situation and keep on going but University should be for everyone regardless of their financial situation.

Have you been caught up in the Student loans problem? If so we would like to hear what you think and you can share your views by going to:

Adam Sibley
Founder of the Talented Young People organisation
"Envisage it, Believe it, Achieve it!"
”Shaking up the Youth of Today”

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