Why Money?

Under Pinning a Misserable Society

Over the last twenty years, a degree has changed from being something available to the most intelligent, into being a low-grade qualification available to almost all. One result of this has been the devaluing of the degree’s status, whilst another has been the inability of the economy to provide free tuition to those studying as undergraduates. Making debts a routine and savings almost impossible.

The introduction of the student loan has meant that the intellectual elite of the country are brought to see debt as a necessary or even desirable correlate of progress. Small wonder that servicing the average household debt now accounts for 10% of household income.

Add to this a situation where student loans are incompetently administered, many students find it difficult to get a first post-graduation job, and education is no longer available to all due to inability to pay. If the government had meant to make education more inaccessible, they could not have done better!