Tuition Fees

This week the Government in England has announced that Universities will be able to charge students up to £9000 in tuition fees to attend their University and get a degree. This is the latest change to University costs and funding over the last twenty years or so. It just seems there is no end to the spiraling costs of attending University.

The first attack on Higher Education was when the grant system was taken away, this forces students to take out loans and overdrafts to cover their costs. This however was still affordable as the Student Loans Company gave out loans which you only paid back at a small rate when you were earning a high figure and tuition fees were relatively low.

After this we had Top-Up fees which lead to some universities increasing the cost of a degree by raising tuition fees. This added to the recent recession then made it even harder for students to afford to go to University. Now to hear that Universities will be able to charge £9000 must send shivers down the spine of any prospective student and this could only be the beginning.

Universities have evolved over the year and are now more business driven than ever with course places really turning in to supply and demand. Currently there are more people applying for University than there are places which means Universities can afford to bump their prices and can make more money than they would by opening more places and courses for everyone.

I think society and education are to blame for this current demand for University places which has lead to the rise in costs. I think money needs to be invested in showing people that there are other successful roots than University because if you did this the value of a degree would go up for people who do one and you would have less unemployed young adults with a mountain of debt to pay back.

Don’t get me wrong I am proud of my degree but only because it has helped get where I wanted to go in life. In today’s world with the spiraling cost and the decrease in value of a degree I am not sure if I would do one. I just think it is the madness that the value of something can go down but the price can go up, to me in any other business as a customer which the students are in this situation you wouldn’t buy it so I don’t know why so many people are.

You can share your thoughts by going to:

http://www.talentedyoungpeople.com/forum/viewtopic.php?f=2&t=839


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

http://www.talentedyoungpeople.blogspot.com

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:

http://www.talentedyoungpeople.com/forum/viewtopic.php?f=2&t=780

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

http://www.talentedyoungpeople.blogspot.com

The benefits of the Credit Crunch

Now I know I have written a lot of blogs lately on the credit crunch but there were a couple of interesting stories this week which caught my attention. Now most talk about the current economic climate is normally from the angle of doom and gloom but the stories I am going to discuss offer hope.

The first story to catch my eye was a report I read saying that University applications are quite significantly up this year with many people sighting the credit crunch as the reason. Young people seem to be concerned about the lack of jobs and job security at the moment so are deciding to spend some time in University hoping the economic climate is better when they graduate.

Now I am not saying that University is for everyone but it is great to see young people really thinking about their future and what the best route for them is. In a time of economic downturn some said applicants would be put off University as in these times they may have found it hard to come up with or justify the tuition fees so I am glad the University system seems to be surviving these tough times. That’s the thing which is overlooked a lot by the media as it is not only the corporate world which affected by the downturn.

The other story I read was a bit of publicity for a film coming out at the Cinema called “Shopaholic” now I haven’t seen the film so can’t comment on the quality of it but I thought the film was apt for this period. In a time where we need to be watching what we spend and our finances it is great to see a film which deals with a real problem for many people. Regardless of the way they film portrays the issue it is great to see it talked about on the news and by the general public.


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

http://www.talentedyoungpeople.blogspot.com