Quote:
Originally Posted by Hugh
Some recent interesting (imho) info on US student debt - Education Bubble
One interesting stat was that, on average, it takes 5.4 years to complete a four year course, and the average student debt is $23k (just under £15k). |
Can I just point out though that there's a cultural difference there, in the US it's considered commonplace to save for your children's college education. Note that they say 2/3rds of students take loans. I would speculate that figure is somewhat higher here.
In addition scholarships and financial aid are far more mature programmes in the United States.
http://www.wbur.org/2010/05/25/student-loans-ii
---------- Post added at 14:05 ---------- Previous post was at 14:04 ----------
Quote:
Originally Posted by Saaf_laandon_mo
I was listening to a discussion on the radio on Sunday which said that when universities initally introduced fees, all charged the maximum they were able to.
I don't have any concrete evidence to back this up as I only caught the discussion near its end, but it wouldn't suprise me if the majority of unis charged the maximum.
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That didn't have conditions attached, charging over £6k does this time around in a big way so not comparable.
---------- Post added at 14:07 ---------- Previous post was at 14:05 ----------
Quote:
Originally Posted by danielf
Yes, but I was talking about the benefits to the country, rather than the individual. The question I'm raising is what impact making Higher Education so much more expensive is going to have on the economic prospects of the UK.
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We have less unemployed graduates and more tradesmen and skilled non-graduates hopefully.
I have serious doubts given the lack of evidence of a clear impact on the economy the huge uptick in % of people going to university has had.