Student Loans

I can't decide if the student loan company is good or evil

It's good because you can take a huge loan, and it doesn't effect your credit rating for other borrowing. If you can't pay it back you don't. If you haven't paid it off within 20 years, your debt is forgiven. You can't default on any payments because it comes out of your wages before you get them. At the end of the day it's just glorified income tax.

It's evil because their rules are ridiculous. For example it discriminates against the middle class. If your parents earn less than a certain amount you get grants and fees paid for you. If you're parents are wealthy they can pay you through college. But if you're middle class, and you live in a family or 1, 2 or maybe even 3 siblings; your parents are expected to pay you through university with a minimal loan. This on top of having other children, a mortgage, and rising living costs to deal with, not to mention in this current climate - job insecurity!

Also if you're a second degree student, you can not get funding unless in special circumstances. What about the countless number of people who choose a degree when they're 18 and decide when they're done, or even worse when they don't even complete it, that the course leads to a path they do not want to pursue for their career. That is way too much pressure on someone not old enough to make a decision that will decide the path for the REST of their life. I mean how many 18 year olds really know what they want to do with their lives? Only a select few.

It leaves people feeling trapped and miserable in what they do. How many people aren't even using their degrees? Their should be more support for people who wish to retrain because often with a little bit of life experience they've found out what really drives them. This has been my experience, and if I have children I will be encouraging them to wait a few years after A Levels to try a few things, enjoy a bit of life, figure out what they're passionate about and then go for it.

Especially because there's big bursaries for those who are over 25, as they are considered "independant of their parents". What a pile of poppycock! So I'm living away from home permanently but just because I'm only 24 I'm still dependant on my parents?!

Another thing about all of this that bothers me is that 15 years ago, people were practically being paid to go to university. There was no such thing as the Student Loans company, because there was no need for one. The government was giving out grants practically saying "There you go son, go and get pissed for three years". Since then there's been tuition fees, top up fees, and now they're considering even doubling that.

I get it. I understand that universities need money to progress, but it's getting blind ridiculous. The only advantage to increased tuition fees will be that it will discourage people from taking on unnecessary degrees. There are too many degrees out there at the moment. The value of the degree has been cheapened. "I have a degree.....Oh who hasn't", which is a great shame.

/end rant