FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to Politics

Soaring student loan debt

Jump to newest
 

By *ingdomNightTimePleasures OP   Man
2 weeks ago

nearby

Graduates in England leave university with more than £47,500 in student debt. (The average debt among borrowers who finished their course in 2024 was £53,000 when they first became liable to repay this debt in April 2025).

In 1992 university fees were free, by 1998 the annual cost of an undergraduate degree in England and Wales was £1,000, now it is up to £9,535 a year.

Currently £21 billion per year is loaned to around 1.5 million higher education students in England.

Outstanding student loan balances are IRO £300,000,000,000.

Government forecasts the value of outstanding loans to reach around £500 billion (2023‑24 prices) by the late-2040s.

The graduate pay premium has halved from 30% in 2006 to 16%

Is this sustainable ?

Reply privatelyReply in forumReply +quote
 

By *e-OptimistMan
2 weeks ago

Stalybridge

If they stopped pissing half of their loan up a wall they might be better off

Reply privatelyReply in forumReply +quote
 

By *icecouple561Couple
Forum Mod
2 weeks ago

East Sussex


"Graduates in England leave university with more than £47,500 in student debt. (The average debt among borrowers who finished their course in 2024 was £53,000 when they first became liable to repay this debt in April 2025).

In 1992 university fees were free, by 1998 the annual cost of an undergraduate degree in England and Wales was £1,000, now it is up to £9,535 a year.

Currently £21 billion per year is loaned to around 1.5 million higher education students in England.

Outstanding student loan balances are IRO £300,000,000,000.

Government forecasts the value of outstanding loans to reach around £500 billion (2023‑24 prices) by the late-2040s.

The graduate pay premium has halved from 30% in 2006 to 16%

Is this sustainable ?"

I doubt it. I think it might revert to the old days where only the wealthy could afford higher ed.

Reply privatelyReply in forumReply +quote
 

By *ostindreamsMan
2 weeks ago

London

We need to think if we even need these streamlined degrees. World is changing rapidly.

Reply privatelyReply in forumReply +quote
 

By *gp_sub01Man
2 weeks ago

malaga


"If they stopped pissing half of their loan up a wall they might be better off"

Not how student loans work.

Reply privatelyReply in forumReply +quote
 

By *ermbiMan
1 week ago

Ballyshannon

The quality of careers advice would need to improve so that 17 and 18 yr olds make an imformed decision. An undergraduate degree to nowhere is a waste of 3 r 4 years. Waste of money too. Direction needed as to what they want and how to get there. Many arts degrees becoming obsolste in todays world

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
1 week ago

Here and there

Student loans were manipulated by Reeves's fiscal rules changes, they are seen as an asset which increases borrowing potential.

When you break down student loans to the core of how it is setup it doesn't make good reading... Students request a loan, the tax payer funds the loan in full, the government now borrows against that loan as an asset as it increases the borrowing headroom, a large % of students do not repay the loan, the tax payer has lost their money and it is written off.

Reply privatelyReply in forumReply +quote
 

By *ingdomNightTimePleasures OP   Man
1 week ago

nearby


"Student loans were manipulated by Reeves's fiscal rules changes, they are seen as an asset which increases borrowing potential.

When you break down student loans to the core of how it is setup it doesn't make good reading... Students request a loan, the tax payer funds the loan in full, the government now borrows against that loan as an asset as it increases the borrowing headroom, a large % of students do not repay the loan, the tax payer has lost their money and it is written off."

Prof Danny Dorling, in one of his lectures said less than half student loans were in repayment.

‘Between 2013 and 2018, the UK government sold off portfolios of pre-2012 income-contingent and "mortgage-style" student loans to private investors, including private equity firms and specialist debt management consortiam.

These sales were authorised under privatisation legislation initiated and managed by the Conservative government to reduce public sector net debt’. (Uk gov web)

Prospect of £500bn by 2040 with £250bn write off. Add than with PFI and we are looking at £3.5trn state debt.

Reply privatelyReply in forumReply +quote
 

By *otMe66Man
1 week ago

Here and there


"Student loans were manipulated by Reeves's fiscal rules changes, they are seen as an asset which increases borrowing potential.

When you break down student loans to the core of how it is setup it doesn't make good reading... Students request a loan, the tax payer funds the loan in full, the government now borrows against that loan as an asset as it increases the borrowing headroom, a large % of students do not repay the loan, the tax payer has lost their money and it is written off.

Prof Danny Dorling, in one of his lectures said less than half student loans were in repayment.

‘Between 2013 and 2018, the UK government sold off portfolios of pre-2012 income-contingent and "mortgage-style" student loans to private investors, including private equity firms and specialist debt management consortiam.

These sales were authorised under privatisation legislation initiated and managed by the Conservative government to reduce public sector net debt’. (Uk gov web)

Prospect of £500bn by 2040 with £250bn write off. Add than with PFI and we are looking at £3.5trn state debt. "

This is a valuable asset for the government, they take it off the tax payer, they get some of it back through repayments, borrow against the whole figure and either sell or write off any debt from non-payment. Take away this cash cow and we will have a huge dent in the public purse that will shock the economy.

Reply privatelyReply in forumReply +quote
 
 

By *uri00620Woman
1 week ago

Croydon

I used to advise students to go to uni.

I don't now and I wouldn't for my girl.

That being said I left in 2010 with 48k debt as I was financially independent at uni and the during holidays.

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top