It is ridiculous that hypocritical adults who received free University Education and are in line for the best pension schemes in the United Kingdom are more or less dictating that future students pay for their education through a life time of debt. Is this punishment or what?
My suggestion is that all persons born after 1955 and who benefited from free university education should now pay a 2% graduate tax on their income for the free education they received. Current students will have to do the same in future and so on. This method should continue to fund university education for years to come and it should be free at the point of delivery. All loans paid by recent students should be refunded and all outstanding loans should be cancelled.
Well educated people benefit society as a whole and in my opinion this is the fairest mean to address it. I am surprised that the Labour Party which calls itself the party of fairness has not come up with this way of funding universities. I see no point of students having to take loans for their education when they already have to pay for their accommodation and living allowance.
Let's hope that there is someone with sufficient authority who can act on this. Unless Student Fees is about making the rich Money Lenders richer.
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