Monday, 21 June 2010

University Student Fees

When I was of unviersity age life was a lot easier. If you obtained good GCE A-Level examination results you could obtain a place in University. There were no University fees and if your parent's income was low the student was given a grant to pay living costs.

The current tertiary education system is a massive con trick! Now students have to pay fees and do not get a grant. It is in effect taxation of students. Part of the con trick is to loan the students money to pay/living costs. That "loan book" is then sold to investment bankers who then recover the loan money from the students. In other words the tax money is spent now, but paid back later.

Universities are now pushing for annual fees of at least £7,000 per student. This is totally outrageous. Most students will only get a few hours lectures a week in what is effectively a 30 week year. Universities in the UK are very poor value for money.

I wonder if the need to have increased fees is not unconnected to the massive salaries now paid to the professors and senior management of the universities? Over recent years these payments (& pensions) have risen in an uncontrolled fashion. Rather that double the Student Fees we should see a halving of the salaries paid for the professorial sinecures.

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