Thursday 18 November 2010

Rising Student Debt Here To Stay?

Very much in the news are tuition fees and rising student debt. Much as I hate to say it, I can't help thinking rising fees are here to stay. Given our economic situation, I really can't see things changing.

What I can see over time, are fees and student debt edging upwards and fewer people turning to higher education. This of course, is a real shame. University opens up all sorts of opportunities and possibilities. It is so much more that just getting an education. That said, I am a firm believer in education.

The protests we have seen recently remind us we are in a tight spot, and that is said with typical British understatement. The amount of debt we are in, £480 trillion is just staggering. I can't imagine anywhere near what that amount of money looks like. According to a recent program on Channel 4, that amount of money in £50 notes would be over 6000 miles high. YES, 6000 miles.

To try to put it a different way, we face the same utterly staggering financial mountain we did at the end of WWII. Then, we were completely and utterly financially ruined. And we are all over again.

So what's my point you may ask? Well, students should continue to valiantly protest. However, those fees are set to keep edging upwards. All we can do is educate ourselves and at the same time, do something else to earn that all important money.

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