Labour's Tuition Fees Betrayal

Heard on the Radio last night England and Wales has a 4% drop in applicants and a further 5% drop from EU Students.

I dont agree though with having to complete courses being linked to repayment

There will always be amongst any large group circumstance that require change additionally

Learning is not in any way indivisiably linked to bits of paper

There are many courses that are year modules that give Level 4 in the first year then 5 a foundation degree with a top up to BA or BS (the title of the thread is full of this)

Learning is a life long pleasure and needs to reflect flexability to the moment

You know what, John, if members of the Welsh government didn't spend tens of thousands of pounds of tax payers' money on private junkets, then they'd have that much more cash for tertiary education.

For example: Welsh Labour leader Carwyn Jones blew more than £10,000 chartering a plane for him and his private secretary to France to watch the football last summer. Jones also blew nearly £50,000 on two trips to the United States whilst his Education Secretary treated himself and his private secretary to football matches in Toulouse and Paris costing £3,232 (how much?!?!). Another Cabinet member spent almost £18,000 on a trip to China whilst another went on a political junket to Entebbe at a cost of £16,582.

Labour loves spending money. Other peoples' money. On themselves.

Wrong!

The annual interest percentage rate is currently 1.25% not 5 percent and the required repayments are not at all irksome.

Assume a student is paid monthly. He has to earn a minimum £1,481 gross (£17,775 pa) before he pays anything. He then pays 9% of the difference of his monthly salary and the threshold (£1,481).

Therefore if the student earns £1,541 a month (£18,500 pa) his loan repayment will be £5.00 a month. If he earns £2,000 a month (£24,000 pa) he repays just £46.00 a month. All debts are cancelled after 30 years so someone earning just £24 thousand will only repay £16,560 before his balance is written-off.

[QUOTEI agree shamefull for our children to be so burdened[/QUOTE]
It is shameful because research clearly shows that students who come from wealthier families are far more likely to repay all their student loans than those who come from less fortunate circumstances

Heres some alternative facts for you! I was being conservative with the 5% I used

Do try to keep up with the adults

https://www.ft.com/content/3f391b6e-2031-11e7-a454-ab04428977f9?mhq5j=e3

The rise in inflation, driven by a decline in the value of the pound since June, means students will be charged substantially more interest on their loans, despite the fact that many other consumers are benefiting from record low interest rates. Personal loans from high street banks have rates starting at 2.8%, while five-year fixed-rate mortgages are available from 1.29%.

Student loan interest rates are tied to March’s retail price inflation figure, published on Tuesday. At the moment, new starters and current students are charged 4.6% – the March 2016 RPI figure of 1.6%, plus 3% – on their loans. But from September this will rise to 6.1%, made up of the March 2017 figure of 3.1%, plus 3%.

https://www.theguardian.com/money/2017/apr/11/student-loan-interest-rate-rise-uk-inflation-brexit

If you bothered to follow the link I provided you will see that got my facts from the Student Loan Company which administers the loans, and not a left wing newspaper which may or may not print the truth.

Hadnt realised the FT was left wing look again I will repost the link as you missed it as I said do try to keep up

Student loan interest rates will rise to 6.1 per cent - Financial Times
https://www.ft.com/content/3f391b6e-2031-11e7-a454-ab04428977f9?mhq5j=e3
13 Apr 2017 - Student loan interest rates will rise to 6.1 per cent ... UK's student loan system is anything but fair / From Andrew Greenwood, Stockholm, ..



"April 13, 2017 by: Lucy Warwick-Ching A sharp increase in inflation means millions of students and former students will see a rise in interest rates on tuition and maintenance loans this year. Rates on student loans taken out in England and Wales since 2012 are set at 3 per cent plus the retail prices index (RPI). With March’s RPI standing at 3.1 per cent, as announced on Tuesday, this means students will be hit with interest charges of up to 6.1 per cent from September, up from 4.6 per cent: an increase of a third. Jake Butler, an expert at money advice website Save the Student, said: “I was expecting an increase to student loan interest this year, but this is worse than expected. It really demonstrates that the interest on loans under the new system is far too high and should be reassessed.”



https://www.ft.com/content/3f391b6e-2031-11e7-a454-ab04428977f9?mhq5j=e3

On Andrew Marr's show this morning:

John McDonnell says Corbyn’s £100bn election offer to write off student debt is just “an ambition”
adding “it’s very difficult”​

So abolishing tuition fees and writing-off student loans is an ambition and not a pledge .... fantasy politics ... a pack of lies all along!

Ooops! There goes the student vote! I wonder how many more of Labour's pledges are no longer pledges ...

Give the human sponge a call and ask her to call another election. Let's see if the student vote has gone, and let's see if the students are voting on one single issue (i.e. abolishing tuition fees) and whether graduates are voting on one issue (i.e. removing their debts).

How's that Tory manifesto looking now they won the election?

Winter fuel - still to be claimed by the likes of Jagger, McCartney, Lords, Ladies, Kings and Queens, expats?
Triple lock on pensions?
Grammar Schools?
Dementia Tax?
Fox Hunting ban?
Axing Free Lunches?
Energy Price Cap?

I don't (generally) use insulting names for our politicians, I think you could do the same: play the ball not the player.

Now why would I want another General Election? It is you - and the left - that want this, so get your politicians to see to it. And by the way, British politics is such that the electorate generally always punishes the party that forces them to vote unnecessarily.

And it won't just be students who will desert Labour over that broken pledge, some middle class parents would have voted for Labour so that the government repays their kids' student loans and not the Bank of Mummy and Daddy.

British expat State Pensioners living in northern Europe can claim Winter Fuel Allowance - and why not? - but those of us who live in Cyprus, France, Gibraltar, Greece, Malta, Portugal or Spain can not - which is perfectly fair. (Thinks .... perhaps I should move my mailing address sixty miles north, to Italy, where it's just as warm as Malta so that I can claim this £200 and really piss-off Bluebird!)

You miss my point completely, what has happened to your Party's pledges since they won the election?

The government's legislative program for 2017/2018 and 2018/2019 was laid-out in the Queen's Speech, debated and the government secured the vote.

​

Am I being optimistic in expecting an answer?

You are if you're expecting a second or different one!

Perhaps you should acknowledge that Labour wasn't really going to abolish tuition fees and wipe-out student debt if it were elected, rather than perpetuate that myth.

What no link? He certainly said students applying for this year would be exempt

Oh dear, just as I thought, this is not playing well to the gallery as Guido Fawkes reports:

During the election it was almost exclusively anti-Tory stories which were sent viral by young social media users who voted Labour. Now Labour’s decision to double-cross students has gone very viral. The McDonnell / Marr clip was viewed over half a million times on the Conservatives Facebook page and shared nearly 20,000 times in 24 hours. It was shared tens of thousands more times on Twitter. That is more shares than the Tory Facebook post on Diane Abbott’s car crash interviews during the election, more shares than the post on Corbyn’s Emma Barnett interview, and more shares than Corbyn on shoot-to-kill. The problem with relying on students to send your message viral is you’ll be on the end of the same if you betray them…​

I was asking for the link to where you say Jeremy made a promise?

I'm not perpetuating any myth, it is you who is making the assumption that the student vote is lost.

I'm merely asking what about the party that won the election? They are the ones who have the power, yet have ditched many of their front line policies within weeks of winning power.

Imagine if you voted for means tested winter fuel payments, grammar schools or for a removal of the triple locks on pensions. You may even have voted on the basis of a stronger hand for negotiating Brexit. What have you got? A human sponge. At least with Lord Buckethead, wysiwyg.