I’ve just had a rather interesting if somewhat alarming conversation with one of my colleagues about the proposed tuition fees etc. which was raised in last week’s issue of my professional journal (which is one of the most readable around). He had worked out that based on average living costs and the average tuition fees quoted upon graduation (and getting job in the payable zone) that based of the quoted 25 years repayment this would work out that the first £165 a month of your gross salary would be needed for loan repayments. I know I would be worried if I had this going out before I’d even spent a penny on rent & food etc.
This lead us to the conclusion that in the future it will only be children of the rich or the poor who will be attending our universities as the likelyhood of the children of the middle classes is that they will have to finance themselves or their parents make a point of saving early on towards uni due to the costs involved. So it would seem the government wishes to penalise those people who work towards bettering themselves and making themselves financially comfortable. It also made me grateful I went to uni when I did and my colleague that his children went when they did. So I think from that, should my readership plan to have kids who wish to go to uni …. Start saving now!

… and as one of my readership (with maybe the support of some of the readership) likes to point out. The introduction of the variable tuition fees is going against the Government’s election manifesto!