Student Loans are very much an integral part of modern education. In fact, without Student Loans, the vast majority of degree holders in the United Kingdom wouldn’t be anywhere near as qualified as they are. Picture the scene that the junior doctor who attended to you in A&E couldn’t afford to go to university or your favourite film was never made because a large portion of the cast were never given the chance to study their field.
It might not be a perfect system but Student Loans are the only way we see our best and brightest get to university in the first place these days. Years ago, university was reserved for the highest achieving among young society and they didn’t pay to go. Instead, they were offered places based on their achievements during their, then, GCE’s – but can we wholly believe that Student Loans cause any problems at all?
Well; to an extent, we certainly can blame Student Loans for many issues with modern society as some postgraduate students have been quoted, in the past, as saying they only attended university because it was paid for and they had no plans to join the working world at 18 years old – maybe things aren’t as rosy as they appear.
In some ways; the accessibility that Student Loans offer to the less fortunate among us to attend university is a good thing. There’s reliable resource available online that can help guide students on a range of matters, such as refinance student loans for an example. This route offers those who couldn’t pay for themselves to achieve an educational level that would otherwise be beyond them. However, it has also de-valued Bachelor’s Degrees to such an extent that they are considered meaningless on many people’s CV’s – if everyone has one, or everyone can get one, then where exactly is the exclusivity?
Frankly, the freedom Student Loans have offered to prospective students has created an existence wherein it is expected that a 21 year old should hold at least a Bachelor’s Degree else employers will wonder what on earth they’ve been doing for the three years since they finished their A-levels!
Conversely, Student Loans are an essential part of a committed student’s life whilst at university.
Not every student who attends an institute of higher learning can afford to pay for their own tuition nor can they be expected to focus completely on their studies if they must work to pay for their housing during the educational, formative years.
Without Student Loans, many of our best and brightest achievers would never have had chance to reach the lofty heights they have risen to since completing their studies – can we really deprive the next generation of potential university alumni the chance to attend without a major financial concern?
It is a very heated debate that will likely rage on for some time to come as the financial masterminds bemoan the overwhelming debt many postgraduates still owe to the government and the best we have to offer still rely on the help the system offers – if there is ever a resolution it is unlikely to satisfy both parties.