In after graduating and the student moves on to

In recent years the higher education system is being used as a commodity
that is bought and sold for extortionate prices. UK university students are
graduating with such large debts, which means that about three-quarters of them
will likely never pay back, this is also a worrying factor as after graduating
and the student moves on to making financial decisions such as buying a house
to start a family, credit checks for mortgages and even job opportunities will
be affected by student debt and other debts that the student may accumulate by
trying to make ends meet whilst living away from home. Education should be a
gift from one generation to another, it is a human right, and should not be
taken for granted.

 

Education is the key to jobs and job opportunitys, education is also the
key factor in the way which the world benefits from economic development, the
current generation is the generation which will be next to make the biggest
impacts on the world, how it works, how it is controlled and how it advances.
With so many different ways to learn, including traditional universitys
offering part time and full time courses, self-taught courses, and open
universitys. gaining an education shouldn’t be hard to do, but with a massive
price tag it creates an obstical between the student and the education they
want to achieve.

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Over recent years going to university and the price tag that it carries
has drastically changed. In 2011, the cost of a year in university was just
£3000, expensive but manageable. Then came the 2012 rise in student fees,
rising from £3375 to £9000 per year. This change made England one of the
costliest places to attend university in the world.

 

The 2012 rise was more painful to the UK students after gaining trust
and confidence in the Liberal Democrats that pledged that they would abolish
all fees entirely and instead tripling tuition fees.

 

With fees getting higher and higher, it is getting to the point that the
fees are such a burden being so high that the stress of being in debt is
putting individuals off applying for a degree which may be beneficial to them
and beneficial to society for what it allows them to offer.

 

In 2016, Student Finance England decided to scrap the maintenance grants
that they offered to the students and to replace them with another loan. This
means that in addition to the higher cost being put on education, students are
leaving university with an even bigger amount of debt.

 

From August 2017, University tuition fees in England
raised to £9,250 per and applied to students who had already started their
courses. After the raised fees and introduction of maintenance loans, graduates
on average will have to repay £66,897, this is more than double of what they
would have repaid previously £32,917.

In the UK general election in 2010, The National Union of Students
(NUS) set up a pledge called “Vote for Students” this pledge was to vote
against tuition fee increases and was signed by over 1000 candidates standing
in the election. Notably, this included a large number of the Labour Party MPs,
the party who had introduced the fees in 1998. It also included all 57
subsequently elected Liberal Democrat MPs.

 

The pledge was part of a bigger campaign called “Funding Our Future”
which held a series of events in London and around the UK between years
2008-10.

The events created a place where students and lecturers from higher
education could come together to highlight the proposed cuts that education
were to face by the coalition government and to stand against it. Between the
Funding our Future and Vote for Students movements, the NUS aimed to show how
education should be prioritized in the eyes of the government, without raising
the fees and making huge cuts in the educational budget.

 

Student Finance England have a tag line in which they class themselves
as the Student Finance Experts. An expert when someone has a great deal of
knowledge or skill in a particular area. Student finance also state that they
judge each case by the individual case, which isn’t particularly true.

 

Due to student funding, and the lack of it, many students are having to
take on term-time work. This means that on top of studying full-time, students
are needing to take on one, or in some cases multiple employments.

 

This means that keeping on track and meeting deadlines, which is already
incredibly stressful for students, is even more stressful as in order to
survive and buy essentials the study is putting time and focus that should be
on their studies into employment.

 

Overall this will affect their grades in which they are
already paying over the odds for, and also causing physical and mental
exhaustion, stress and depression. In order to study and attempt to create a
better quality of life for the individual.

 

With the number of students decreasing, more students are choosing to
go down the route of apprenticeships, this is because apprenticeships are used
to help students gain knowledge whilst in a working environment, but also
offers the option to get paid, which is much more beneficial when universities
are costing so much and mean for students to survive on the bare minimum in
poor living conditions.

 

This means that the number of courses that are available has gone down,
as subjects with a low number of students are being jeopardised and in the end
being shut down. For a very finesse subject, students are having to move
further away to access the courses or to choose broader similar subjects.

 

Student Finance England have a tag line in which they call themselves
the Student Finance Experts. An expert when someone has a great deal of
knowledge or skill in a particular area. Student finance also state that they
judge each case by the individual case, which isn’t particularly true.

 

Due to student funding, and the lack of it, many students are having to
take on term-time work.

This means that on top of studying full-time, students are needing to
take on one, or in some cases multiple employments. As a result of this it
means that keeping on track and meeting deadlines, which is already incredibly
stressful for students, is even more stressful in order to survive. The student
is putting time and focus that should be on their studies into employment.

 

Overall this will affect their grades in which they are
already paying over the odds for. It also unnecessarily causes physical and
mental exhaustion, stress and depression just to be able to study and attempt
to create a better quality of life for the individual.

 

The student funding system is very uneven and very unfair. Student
finance is based on the finances of the students’ parents. It focuses on the
income of the parents, but never asks anything about what expenses they have,
or if these parents will be able to survive themselves which supporting their
son/daughter who is living away at university. When the student starts
university, they are 18 years old, and classified as an adult, therefore when
being judged upon for student finance they should be judged on the fact that
they are an adult.

 

Student Finance also fails to provide support to students with
extenuating circumstances. In my own personal experience, I started university
and spent two years being judged on my mothers’ income, as a single parent with
a low income, which although the rate given was a struggle to survive on, it
was the correct rate for my circumstances and I was able to pick up work to
make ends meet.

 

However, starting my third year in university, my mother passed away
and I became homeless. I decided to carry on with my studies and requested
Student Finance to update my circumstances so that I could receive further
assistance from them as my supporting sponsor for my studies was no longer here
to help.

 

After 12 weeks of communication with Student Finance, and taking a lot
of time to provide the evidence of my circumstances, Student Finance England
lowered the rate that they could loan to me. Student Finance dedicate websites
such as StandAlone to help students who are estranged from their parents and
have no family support behind them, however, as I have found out, Student
Finance provide less help to these students, causing the stress of going to
university and being motivated to get the degree is incredibly harder.

 

It’s extremely rare to pay off student finance and the debt that it
leaves graduates. Every month from the beginning of the course, the student
racks up an even bigger debt after the huge interest rates. Students can end up
paying nearly double of the initial debt that they have taken out. It has also
been documented in the news how many graduates end up overpaying their student
finance. 

 

Many students who have ended up over-paying have commented on how
Student Finance are a lot quicker to take the money from them, than they are to
pay the money back. The financial year for student finance finishes in April,
however many students who are paying back their finance finish paying in
November. This means that for another half a year, Student Finance are taking
money that isn’t theirs.