Top Posts

  1. LinkedIn: Retail's Not THAT Bad (20+ Comments)
  2. LinkedIn: Welcoming Woman at the Workplace
  3. The Ultimate Ice Breakers

My First Open Letter


My first open letter,
R.e. Free tuition fees for past and future students.

Not all of us are suited for university. Those that are shouldn't have (or had!) a heavy, life-long weight placed upon them.

First off, as someone who has never voted before it's good to at least (finally) see real differences between the parties, Jeremy Corbyn & The Labour Party. I still think policy on tuition fees could, and should, go further...

I think it's right that not only students stop paying tuition fees in the future but that past students shouldn't pay back any government-loaned tuition fees from the past either. Otherwise there's a generation that will rightly be annoyed for needlessly 'paying' for tuition.

As someone who has been fortunate enough to pay all my tuition fees so far as I studied (with The Open University) out of my salary from work (hence this wouldn't effect me), it's still the right thing to do. If students were given the choice to have tuition fees wiped but having to pay their living expenses back (as new students would have to do) over the 30 year loan agreement, the majority would see this as fair and this would actually increase government income (not many expect to pay back practically any of their current student loan) but it does give our generation a better attitude towards loans and living within our means.

Technically, it's just a balance sheet issue as opposed to a cash problem. These huge loans count as a Government asset at face value. In time, they will (in part) become a liability (for danger of not being paid back at face value) which will form another black hole 'crisis'. To prevent this, the Government will reasonably sell the assets to private loan companies (plans began this year: https://goo.gl/qr6sAR - The Economist, https://goo.gl/txQns1 - The Guardian - and the last loan book pre-98 was sold at 20% of it's face value: https://goo.gl/RznU5m - This is Money) and these companies will chase as many people to be paid back to make money on the 'assets' they bought (let's be honest, that's their job!). Student loan terms have even been retrospectively changed in the past for more to be paid back (https://goo.gl/frJCgm - Save The Students) so it wouldn't be unreasonable for pressure groups to make that happen again.

So, if we only ever even expect to recover a fraction of the loan(!) from selling the debt on, why bother with the pretense that people are paying for extortionate tuition fees they'll never actually going to pay for?

That's why the current generation should also wave goodbye to their tuition fees.
Just because I have been fortunate enough to pay for all my tuition upfront that shouldn't stop me from wanting a country for the many, not just the few.
Best Regards,

James Paul Markey.

I look forward to being enlightened to where I have misunderstood the issue in doing this.



Top Posts

  1. LinkedIn: Retail's Not THAT Bad (20+ Comments)
  2. LinkedIn: Welcoming Woman at the Workplace
  3. The Ultimate Ice Breakers

Thanks for visiting!

James Markey

A James Paul Markey Production