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Originally Posted by Ignitionnet
Could of course save for them, as I have been for my daughter for some time having fully expected to receive nothing from the state for her to be educated beyond FE.
It's what happens in Canada, the USA, and other places that aren't educational backwaters. If we want to make participation as wide as it is there something has to give, no?
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Not everyone can afford to pay for University. Not every family can afford to save for University either, with two children and a mortgage I imagine the idea of saving for the cost of both children, or even one, to attend University will be too much for the average family. Especially since they are also removing the cap on tuition fees. At the moment two children on a three year course will require they save around £18,000 for the two of them on tuition fees alone. The governments plan looks to double that.
The USA example is poor because it's well known the difficultly students from poorer backgrounds face in going to University.
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I'd suggest that the low pay and other reasons make bright youngsters discount it as a choice of profession. Anyone who goes into teaching looking at it from the financial side is probably barking up the wrong tree
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However this new system would further discourage people going into teaching, as the salary (£20,000 to £35,000) puts them in the group that will end up paying more than anyone else for their education. Earning enough for the government to charge interest and not enough to realistically pay it back any time soon.
This system screws over all but the rich and a lucky handful of the very poor.