You don't need a degree in economics to realise that if you have the savings to cover something, then debt is a bad idea. That's why it sort of makes sense that the families of the richest 10% of students in English universities choose to pay their £9,000-a-year tuition fees up front. Figures from the Intergenerational Foundation found 110,000 undergraduates are paying for university in one go thanks to cash from wealthy families. And the most prestigious universities see the highest number of these "self funding" students. Some 20% of those studying at King's College London, 16% and Cambridge and Oxford, 14.5% of University College London undergraduates and 14.5% of those at LSE pay up font. There's just one problem with the plan, it's bonkers as soon as you hold it up to any scrutiny at all. Why student loans aren't really debts A lot of people talk about student debt - but the fact is the money you get from the Government isn't that. Why? Because you don't need to pay it back. … [Read more...] about Rich students are paying tuition fees up front
Paying university fees
Theresa May is facing a growing clamour among senior Tories to resist cutting university tuition fees, with warnings that it would dent social mobility, benefit the wealthy and put some institutions out of business. Justine Greening, the former education secretary, and former university ministers Jo Johnson and David Willetts spoke out amid mounting expectations that a review of higher education could back a cut to the maximum fees of £9,250 a year for some courses. All warned against a headline cut in fees. May is also being warned privately she will never be able to secure support for a cut in fees in the Commons. It comes as some universities sound the alarm about their finances, with competition for students increasing and the threat of a “no deal” Brexit causing further uncertainty. A review of higher education funding, by the former broker Philip Augar, is due to report early this year and is believed to be considering a cut in maximum fees on some courses from … [Read more...] about University fees cut would hurt mobility and aid rich, PM told
The government intends to bring in new, much higher, fees for overseas university students next year – one Moroccan student studying in France at Sciences Po has written (in English) for us about why she thinks the decision was wrong. France is currently the fourth most popular choice in the world for international students. Envision this. You are a young Moroccan woman, on the cusp of graduating high school.For the last eighteen years of your life, you have tirelessly perfected your French and worked incessantly to get good grades in school, in hopes of traveling to France to study.All of a sudden, you are told that tuition is no longer ‘free’ for foreign students, and your hopes come crashing down, as you lose what would have been your key to better future.Until today, any francophone student accepted into one of France’s of public universities or institutions of higher learning paid the same tuition fees to attend regardless of their nationality or … [Read more...] about University fees hike – is this égalité?
An art student who made a gold Lil Wayne pendant has said it helped pay for her university fees after a friend of the US rapper bought it for a birthday present. Joy Bonfield-Colombara, who goes by the name Joy BC, told the BBC she was initially struggling to pay her £9,500-a-year course fees at the Royal College of Art in London. The 29-year-old said she considered dropping out until she received an email from a person requesting a pendant they could give for the Lollipop singer’s 36th birthday. "I was about to say, 'No, I'm really sort of trying to figure out stuff with school'. They then said, ‘It's for my friend's birthday’, and told me who the friend was," she said. "I listened to hip hop from a young age. I used to listen to him in the club!" Ms Bonfield-Colombara hand carved the pendant into the likeness of Lil Wayne, including the artist's well-known teardrop tattoos. She named the piece "An Icon". She said the … [Read more...] about Gold pendant bought for Lil Wayne’s birthday helps pay for art student’s university fees
WHEN it comes to getting a bargain, Sun Saver Phill Carlisle knows exactly where to go. The factory worker heads to car boot sales to nab gifts and presents at a fraction of their shop prices. Phill, 24, says: “When car boot season starts, I collect unwanted presents people bring to sell. “I recently got three unopened gift sets for £1 each. Together, they would retail at over £60. I’ve got birthdays coming up so will be off to re-gift.” As part of our Meet Sun Savers series, Phill, pictured, from Churchdown, Glos, gives his saving tips. Treat yourself. Saving on costly presents means Phill can afford to treat wife Louise. He says: “By going to the car boot sale, we probably saved £50, which she used to buy some beauty products for herself from QVC. Work at it. Phill works hard for his money and so is always looking at ways to cut back on costs — even on date nights. He says: “If we go to the cinema, we go on a Tuesday with the … [Read more...] about Our savvy Saver reveals his tips for nabbing bargains on gifts, food and nights out — plus win your £27k university fees