Thursday, 4 November 2010

Where has the student money gone?

I've just been reading the latest news on university fees for students in the UK. The present government is to allow university fees to rise to £9000 a year per student. The government will then allow students to borrow money (interest paying loan) to pay this education tax. 
When I was of university age the situation  in the UK was an absence of course fees and a grant for living expenses. Students from non-rich families could go to university without incurring a mountain of debt for themselves or their parents. In the near future students will now accumulate a debt of close to £70,000 to attend university for a degree if living costs are taken into account. Surely in my day the would be student would have to study hard to gain good qualifications (which I didn't, my own fault) in order to gain entry to university, but at least everyone had the opportunity to go to university if they were academically up to scratch.
My big question is: "What has happened to the money?" Why are University fees so high and why has government funding of university students dried up? Have the government reduced the proportion on GDP once dedicated to educating our students?  Are the University professors and establishment paying themselves so much that they pricing themselves out of the market?
I foresee students taking advantage of Internet distance learning University Degrees from places like India, where academic standards are high and costs are much lower. Why should students direct their tax payments to the costly inefficient UK Universities?

I'm really surprised that students are not out on the streets in revolt. Can they trust the politicians anyway?
Alaric

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