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IMHO opinion the whole of the Student's Loan system is a total farce.
When I first went to University in the early 70's I got a grant. Not a lot, because it depended upon parent's income. Nevertheless it did me O.K.
I suspect that myself, and most of my cohort have paid it back a number of times over, in the Income Tax that we have paid since we (apparently) earned a greater salary of those who did not have degrees/University education. i.e. The grant was an investment by the tax payer in Education.
One now has the system whereupon apparently 50% of the population are going to go on to Tertiary Education (Universities + the old Polytechnics + God knows what!). This will take 50% out of he work/claimant force for three years. Instead of having to pay Unemployment Benefit for three years for half the population you will have 50% of the population stuck with a debit of C. £15,000 for life (or until they pay it off should they get a job).
Let's be honest a whole raft of the degrees are not worth the paper they are printed on. Mickey Mouse Subjects studied at Mickey Mouse universities.
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